The inverse labor demand function is W = 200 – 2L, where W is the wage and L is labor.  Labor revenue is WL, and labor supply is W = 2L. (a) Suppose that the labor market is competitive. What is the wage?  Employment? (b) Now suppose that a union dominates the labor market.  What is the wage?  Employment? (c) What do you conclude about the impact of unions on labor markets?

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