Paper instructions:
Starting from the perfect competition model, discuss the impact in the labour market that one of the sides has market power.
You should give and explain at least one example of (1) employers having market power (2) employees having such power, and another example of a (3) bilateral monopoly.
You should give and explain at least one example of (1) employers having market power (2) employees having such power, and another example of a (3) bilateral monopoly.
This needs diagrams and maximum 500 words
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