Examlex
Which of the following may be effects of prejudice, stereotypes, and discrimination?
Price Elasticity
An indicator of the responsiveness of the quantity demanded of a product or service to variations in its price.
Demand Curve
A visual chart that illustrates how the price of a product affects the amount of the product that consumers are prepared to purchase.
Monopolistic Competitor
A firm in a market structure where many companies sell products that are similar but not identical, allowing for competition based on quality, price, and marketing.
Pure Monopolist
A market structure in which a single company or entity exclusively controls the entire supply of a particular good or service, without any close substitutes.
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