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Order the union bargaining chain

Exercise and reference answers

Steps
  1. Workers join a union
  2. Firm must bargain
  3. Union wage set above
  4. Excess supply appears
Instructions
Tap the steps in the order they follow one another.

Explanation

_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 15 'Labor Markets and Income'_
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