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-Imperfect information
-skill shortages
-economic inactivity
-unemployment
-discrimination
-segmented labour markets
-geographical and occupational immobility of labour.
-Evidence of labour market failure are;
-Surpluses in some forms of labour and shortage of others.
-workers being in jobs they are not best suited to.
-A lack of training.
-wage rates being above or bellow the equilibrium rate.
How does the abuse of labour market power lead to labour market failure ?
-TU have different degrees of market power.
-They may push the wage rate above the equilibrium causing unemployment.
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