If Firms Are Competitive, Then Labor-Market Discrimination

question 33

Multiple Choice

If firms are competitive, then labor-market discrimination

• A)cannot exist in either the short run or the long run.
• B)will be more of a problem than if the market were monopolistic or imperfectly competitive.
• C)likely will not be a long-run problem unless customers exhibit discriminatory preferences or government maintains discriminatory policies.
• D)likely will be more of a problem in the long run than in the short run due to the zero-profit condition that characterizes long-run equilibrium for competitive firms.

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Definitions:

Test-retest Reliability

The consistency of a measure or test over time, assessed by administering the test to the same participants at two different points in time.

Internal Consistency

A measure of the reliability of a psychological test or survey, reflecting the extent to which all parts of the test contribute to the same construct.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

Smoking Cessation

The process of discontinuing tobacco smoking, which can significantly reduce risks of smoking-related diseases.