Why might wage and employment outcomes yield competitive results when a bilateral monopoly exists? Antitrust legislation would prohibit any collusion on wage rates or hiring levels. The bargaining power of the monopsonistic employer would likely be greater than that of a labor union. The bargaining strategy of a labor union would likely be more effective than that of a monopsonistic employer. The monopoly on one side of the market could in effect cancel out the monopoly on the other side