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Management · Q509

Labour and Social Welfare

Graduate and Post Graduate · Management · question 509

Q509

Which of the following conditions is most likely to lead to a rise in union bargaining power?

A.
Rise in union density
B.
Increased competition in the product market
Answer
C.
Relatively high elasticity of demand for labour
D.
Monopsonyin the labour market

Answer: Option B

Solution

Answer: Option B
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