Like any cartel, a union is a group of sellers acting together in the hope of exerting their joint market power.

Name: Like any cartel, a union is a group of sellers acting together in the hope of exerting their joint market power.
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Question

Quizplus · Accepted Answer

Both cartels and unions aim to increase their bargaining power and influence over prices or wages by acting collectively, although their specific goals and methods may differ.

Like Any Cartel, a Union Is a Group of Sellers