Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

In what circumstances is a trade union less likely to secure a substantial pay increase for its workers?

  • AIt represents a large proportion of the workforce in the company.
  • BIt represents a workforce that has an elastic demand for its labour.
  • CIt represents a workforce that is increasing its labour productivity.
  • DIt represents a workforce that works for a highly profitable monopoly firm.

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