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Negotiations between unions and firms are sometimes called:
ACompetitive tendering
BComparative advantage
CConsumer surplus
DCollective bargaining
Answer & Solution
Correct answer: D. Collective bargaining
1. The union negotiating process has a standard name.
2. Unions require employers to deal with workers collectively.
3. Negotiations between unions and firms are sometimes called collective bargaining.
4. The outcome is a wage agreed for the whole group.
_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Labor Markets and Income'_
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