Question: solve Consider the graph below. Assume that a labor union enters the labor market. Wage ($) Union I I I I l l l l

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Consider the graph below. Assume that a labor union enters the labor market. Wage ($) Union I I I I l l l l 0 Q Q Q. Quantity of Labor Union versus Competitive Labor Market How does the union impact wages and does it lead to a surplus or shortage of workers

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