1 what is the principle strategy of an exclusive trade


1. What is the principle strategy of an exclusive (trade) union in order to increase wages of its members?

2. What is the principle strategy of an inclusive (industrial) union in order to increase wages of its members?

3. Assume a competitive labor market has just become a monopsony. What impact will this have on workers wages and employment opportunities?

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Business Economics: 1 what is the principle strategy of an exclusive trade
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