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AP® Microeconomics

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Moderate

Perfectly-Competitive Labor Market: United Auto Workers

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If the United Auto Workers, an industrial union, successfully bargains collectively for a wage increase above the current market rate in a perfectly-competitive labor market for auto workers, which of the following will result?

A

Increase in number of employees hired

B

Decrease in number of employees hired

C

No change in number of employees hired

D

Increase in amount of output

E

Indeterminate impact on output and number of employees hired