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Consider an economy with two labor markets one for manufacturing workers and one for service workers Suppose initially that neither is unionized If manufacturing workers formed a union

Consider an economy with two labor markets—one for manufacturing workers and one for service workers. Suppose initially that neither is unionized. a. If manufacturing workers formed a union, what impact on the wages and employment in manufacturing would you predict? b. How would these changes in the manufacturing labor market affect the supply of labor in the market for service workers? What would happen to the equilibrium wage and employment in this labor market?

Apr 09 2020 View more View Less

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