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Final answer:
Collective bargaining is a negotiation strategy used by unions to secure improved wages and working conditions, potentially through a strike if negotiations fail.
Explanation:
Collective bargaining is the strategy used by the union in this scenario to negotiate with the factory owner for increased wages. In collective bargaining, the union represents the workers to reach agreements on wages, benefits, and working conditions. If negotiations fail, unions may resort to a strike as a bargaining tool to press for their demands.
Learn more about Collective bargaining here:
https://brainly.com/question/28727724
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