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Wages per Worker S W3 W2 W1 WO `MR Number of Workers Figure 14.3 A labor union is exercising monopoly power in the labor market.

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Wages per Worker S W3 W2 W1 WO `MR Number of Workers Figure 14.3 A labor union is exercising monopoly power in the labor market. 2) Refer to Figure 14.3. To maximize economic rent, the labor union will agree to wage rate: A) WO. B)W1. C) W2. D) W3. E) none of the

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