Problem
Assume the labor market for loggers is perfectly competitive. How would each of the following events influence the wage rate loggers are paid?
a. Consumers boycott products made with wood.
b. Loggers form a union that requires longer apprenticeships, charges high fees, and uses other devices designed to reduce union membership
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.