What is the role of a strike in the bargaining process, Microeconomics

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What is the role of a strike in the bargaining process

Problem

Mediation and Arbitration Distinguish between mediation and binding arbitration. Under what circumstances do firms and unions use these tools? What is the role of a strike in the bargaining process?

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.

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