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Which of the following labor union tactics would lead to both higher wages and an increased number of jobs in a perfectly-competitive labor market?

A

The union successfully lobbies for increased licensing requirements for people wishing to work within its industry.

B

The union uses collective bargaining to increase the wages paid to its members.

C

A plumbers' union negotiates a new collective bargaining agreement that will require employers to hire only union members.

D

The union successfully lobbies the federal government for legislation decreasing the number of immigrants granted worker visas.

E

Unions successfully lobby Congress to increase the minimum wage.

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