When the possibility for strongly efficient contracts occurs, what will happen? "The union and firm negotiate over the w
Posted: Thu May 19, 2022 10:54 am
When the possibility for strongly efficient contracts occurs, what will happen? "The union and firm negotiate over the wage level but not over the employment level. Isoprofit lines must be horizontal, Isoprofit lines are parabolas that open upward. The labor demand curve must be vertical. The union and firm negotiate over the employment level but not over the wage.