How can both the union and the firm be better off by bargaining over the wage rate and employment rather than just the wage rate?

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST9: Do Labor Unions Increases The Wages Of Workers?
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How can both the union and the firm be better off by bargaining over the wage rate and employment rather than just
the wage rate?
Transcribed Image Text:How can both the union and the firm be better off by bargaining over the wage rate and employment rather than just the wage rate?
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