Which One of the Following Statements Is Technically TRUE Regarding

question 67

Multiple Choice

Which one of the following statements is technically TRUE regarding the term minority group?

• A)It is a category composed of people who have biologically transmitted traits.
• B)It is a term that refers to a numerical minority compared to the total population.
• C)It refers to a group of people who receives unequal or discriminatory treatment.
• D)The number of these groups is decreasing slightly in nearly every one of the states.

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Definitions:

Herfindahl Index

An economic index that quantifies the concentration of market power within industries by adding up the squared market share percentages of all participants.

Market Shares

The portion of a market controlled by a particular company, measured by sales volume or revenue compared to competitors.

Concentration Ratio

A measure used to evaluate the extent of market control held by the largest firms within an industry.

Antitrust Laws

Legislation designed to promote fair competition for the benefit of consumers, by preventing monopolies and promoting business practices that encourage competition.