If the market for labor in mining is competitive, explain the potential effect of a union on
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Impala Platinum has sacked 17,000 South African miners at its Rustenburg mine because they took part in an illegal strike. The miners refused to have their union negotiate in the two-week pay dispute with the world’s second largest platinum producer. Mining provides a quarter of all jobs in Rustenburg
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Figure 188 shows a union in a competitive labor market The u...View the full answer
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