Bilateral monopoly occurs where: a monopsonistic employer bargains with an inclusive union. a craft union bargains with a purely competitive employer. an industrial union bargains with a purely competitive employer. a monopsonistic employer bargains with an exclusive union.

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Business

Amya Heath

8 October, 22:37

Bilateral monopoly occurs where: a monopsonistic employer bargains with an inclusive union. a craft union bargains with a purely competitive employer. an industrial union bargains with a purely competitive employer. a monopsonistic employer bargains with an exclusive union.

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Abbie Price · Answer 1

a bilateral monopoly occurs where a monopolistic employer bargains with an inclusive union. Simply put, a bilateral monopoly is when a market structure has a monopoly, a single seller of an item, and a monopsony, a single buyer seeking said item.