Which of the following statements regarding labour unions and wage bargaining is correct?

Question

Accepted Answer

Unions may choose to restrain their use of bargaining power.

Accepted Answer

The wage-setting curve for unions can be above or below the wage-setting curve for a situation without labor unions.

Answer

The unions’ bargaining power comes from their ability to shut down firms.

Answer

A labour union can set both the wage level and the employment level.

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