The Competitive Situation Where the LCBO Operates in Is Known

question 170

Multiple Choice

The competitive situation where the LCBO operates in is known as a(n) :

• A)cross-market competition
• B)monopoly
• C)monopolistic competition
• D)pure competition

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Definitions:

Bona Fide Occupational Qualification

A legal defense used by employers to justify discrimination based on religion, age, sex, etc., if it is reasonably necessary to the normal operation of that particular business.

Bona Fide Occupational Qualification

A quality or an attribute that employers are allowed to consider when making decisions on the hiring and retention of employees—a quality that when considered in other contexts would constitute discrimination and thus be illegal.

Civil Rights Act of 1964

A landmark federal law in the United States that prohibited discrimination based on race, color, religion, sex, or national origin.

Seniority System

A method of granting privileges, promotions, or pay based on the length of service or tenure with an employer, often used to determine priority in layoffs and job assignments.