A. Raise the wage for insiders above the competitive equilibrium
B. Lower the wage of local outsiders
C. Offset the market power of a large firm that is the dominant employer in a region
D. Threaten a strike but don’t actually follow through so there are not lost hours of work
Correct Answer: Offset the market power of a large firm that is the dominant employer in a region ✔
Last Updated: June 18, 2019