If an Ethnic Minority Is Conscious of Being a Member

question 5

Multiple Choice

If an ethnic minority is conscious of being a member of a stigmatized group, he or she is likely to:

• A) become less vigilant to signs of prejudice.
• B) become more vigilant to signs of prejudice.
• C) be less willing to cooperate with others.
• D) be more willing to cooperate with others.

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Definitions:

Bertrand Duopoly

A market structure in which two companies compete on price, each setting their price independently with the aim of maximizing profit, assuming the competitor's price is fixed.

Homogenous Products

Goods that are identical in features and quality, making them indistinguishable to consumers from those offered by competing suppliers.

Bertrand Duopoly

A Bertrand duopoly is a market structure in which two firms set prices competitively for homogeneous goods or services, with the lower-priced firm capturing the entire market.

Market Demand

The total quantity of a product or service that consumers are willing and able to purchase at various prices within a certain timeframe.