Which of the following is the best theoretical explanation for why strikes occur?
A) The firm has a downward sloped resistance curve.
B) The union and firm know that it is impossible to eventually negotiate an outcome on the contract curve.
C) The union's leadership wants to please management.
D) The union doesn't know how valuable labor is to the firm.
E) The firm wants to minimize labor costs.
Correct Answer:
Verified
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