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Business, 17.12.2019 20:31 Arneis

Assumptions: a) these two graphs show two sectors of the labor market for a particular kind of labor. b) relevant product markets are competitive. c) the two labor demand curves are identical. d) initially the quantities of labor employed in the two sectors are l1 and l'1, and the wage rate in each sector is wn. e) if a union is formed in sector 1 and the union increases the wage rate from wn to wu, then employment will

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