Part to protest against unfavourable labor conditions

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Reference no: EM13908751

In the summer of 2000, United Airlines (UAL) pilots refused to work overtime hours, stranding millions of passengers all over the United States. The pilots took this action in part to protest against unfavourable labor conditions. UAL stock price suffered as a result. For a well-diversified investor, this type of risk can best be described as:

systematic risk

market risk

business risk

unsystematic risk

total risk

Reference no: EM13908751

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