Question: Consider the graph below. If we compare the bilateral monopoly to the competitive market. how would the equilibrium quantity change if this labor market went

Consider the graph below. If we compare the bilateral monopoly to the competitive market. how would the equilibrium quantity change if this labor market went from a competitive market to a bilateral monopoly? Wage ($) MFC for Firm Sabor Union WE W MRP for Firm ~ Q GE Quantity of Labor O a.) The equilibrium quantity of labor will not change b.) The equilibrium quantity of labor will be indeterminate.

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