Illustrate what wage would a monopoly union demand

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Reference no: EM1371572

Q. Suppose labour demand curve of firm is W= 20 - 0.01 E where w is hourly wage and E is level of employment. Union's utility function is U= WE. Illustrate what wage would a monopoly union demand? Explain how many workers would be employed under union contract?

Reference no: EM1371572

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