Suppose in an efficient bargaining framework the union and, Microeconomics

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Suppose in an efficient bargaining framework the union and

Question: Suppose in an efficient bargaining framework, the union and firm have attained a particular equilibrium on the contract curve.

(a) What is the effect on wages and employment of an increase in the alternative wage?

(b) What is the effect on wages and employment of an increase in product demand?

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Microeconomics: Suppose in an efficient bargaining framework the union and

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Microeconomics: Suppose in an efficient bargaining framework the union and

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