How can both the union and the firm be better off by bargaining over the wage rate and employment rather than just the wage rate?

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter14: Wages, Unions, And Labor
Section: Chapter Questions
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How can both the union and the firm be better off by bargaining over the wage rate and employment rather than just
the wage rate?
Transcribed Image Text:How can both the union and the firm be better off by bargaining over the wage rate and employment rather than just the wage rate?
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