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Answer to Question #126987 in Microeconomics for Jou
Question #126987
1. Which one of the following statements is INCORRECT?
A) Trade unions act as monopolistic suppliers of labour.
B) Labour markets are sometimes monopolistic, meaning there is only one major employer.
C) Employers and employees usually have perfect knowledge about the labour market conditions in which they operate.
D) The labour market is a segmented market.
A) Trade unions act as monopolistic suppliers of labour.
B) Labour markets are sometimes monopolistic, meaning there is only one major employer.
C) Employers and employees usually have perfect knowledge about the labour market conditions in which they operate.
D) The labour market is a segmented market.
Expert's answer
A) Trade unions act as monopolistic suppliers of labour
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