Business, 09.03.2020 22:53 yeseniabustillos24

Consider an economy with only two sectors: manufacturing and service. Both sectors are perfectly competitive, and labor is homogeneous. Assume that changes in the labor market do not affect the product demand curve in either sector. Suppose a union forms in the manufacturing industry. The union limits its membership to fewer than the number of workers employed before the union formed and forces all employers in the industry to hire only union workers.
Show the effect of unionization on the labor market or the service industry.

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Consider an economy with only two sectors: manufacturing and service. Both sectors are perfectly com...

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