1. What determines the demand for labor for a firm operating in a perfectly competitive output market?
2. What determines the demand for labor for a firm with market power in the output market?
3. What is a perfectly competitive labor market?
4. What is a labor union?
5. Why do employers have a natural advantage in bargaining with employees?
6. What are some of the most important laws that protect employee rights?
7. How does the presence of a labor union change negotiations between employers and workers?