Examlex
Which of the following might account for the disparities between the percentages of African, Hispanic, and Asian Americans among the general population and their smaller representation in management positions?
Output
Output refers to the total amount of goods or services produced by a company, industry, or economy within a certain period, often used as a measure of productivity or economic activity.
Firm
A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services in exchange for revenue.
Reduces
Makes smaller in amount, degree, or size; diminishes or lessens.
Perfectly Competitive
A market structure where many firms sell identical products, no single firm can influence the market price, and there are no barriers to entry or exit.
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