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Economics
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31 Oct 2020

3. We sometimes call negotiations between unions and firms 

a. rent seeking.

b. profit seeking.

c. collective bargaining.

d. passive negotiations.

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Microeconomics
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Raushan Raj
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31 Oct 2020

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Related questions

7) Arbitrage is A) profit made in the money market. B) illegal C) a means of making round-trip profit. D) rent seeking in a monopoly market. E) the practice of seeking to profit by buying in one market and selling for a higher price in another related market.

36 The Schumpeter view is that a. monopolies are conducive to a rapid rate of technological progress. b. the profit box represents a lower bound on the economic waste from monopoly arising from rent seeking behaviour. c. competitive firms are more technologically progressive than monopolies. d. collusive pricing by oligopolies breaks down during a recession. e. monopolies are allocatively inefficient.

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