If a union is only able to organize a few of the firms in an industry, it is unlikely that the union can substantially increase the wages of its members. This statement isA) false; unions tend to be stronger when they concentrate on only a few producers in an industry.B) false; the demand for unionized workers will be more inelastic if only a few firms in the industry are unionized.C) false; all unions can increase the wages of their members.D) essentially correct.

Question

If a union is only able to organize a few of the firms in an industry, it is unlikely that the union can substantially increase the wages of its members. This statement isA)  false; unions tend to be stronger when they concentrate on only a few producers in an industry.B)  false; the demand for unionized workers will be more inelastic if only a few firms in the industry are unionized.C)  false; all unions can increase the wages of their members.D)  essentially correct.

Jacquiline Olegon · Accepted Answer

Final Answer : D, Explanation :  If only a few firms in an industry are unionized, the union's bargaining power is limited, making it difficult to substantially increase wages without risking job losses to non-unionized firms.

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