Choices & change : microeconomics. Alternative markets for resources. Part 2

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Summary

Alternative Markets for Resources presents a monopsonistic labor market and the effects of market power on the demand side. Market power on the supply side is addressed through representatives of u...

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

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