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QUESTION
8. Suppose that butchers and bakers had no unions. Now suppose the butchers form a union. What does this do the labor supply of and wages of bakers?
8. Suppose that butchers and bakers had no unions. Now suppose the butchers form a union. What does this do the labor supply of and wages of bakers? A. it increases the labor supply and wages of bakers. B. it increases the labor supply and decreases the wages of bakers. C. it decreases the labor supply and increases the wages of bakers. D. it decreases the labor supply and wages of bakers.
