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Choices & change : microeconomics. Lesson 12, Alternative markets for resources

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Summary: Alternative Markets for Resources presents a monopsonistic labor market and the efects of market power on the demand side. Market power on the supply side is addessed through representatives of uni...

Alternative Markets for Resources presents a monopsonistic labor market and the efects of market power on the demand side. Market power on the supply side is addessed through representatives of unions and other organizations that aim to increase the demand for labor and/or decrease the supply of labor.