JAMB Economics 2009 Objective — Question 50

Question 50 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.

When workers have a union, the supply of labour is said to be

A. monopolisticCorrect
B. oligopolistic
C. monopsonistic
D. competitive

Explanation

When workers have a union, they operate as one body which monopolizes the supply of labour.

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