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A Firm Cannot Be Charged with Discrimination If It Uses

question 7

True/False

A firm cannot be charged with discrimination if it uses an employment agency that screens applicants for it to eliminate any minority candidates.


Definitions:

Oligopoly

A market structure characterized by a small number of firms that dominate the market, leading to limited competition.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.

Purely Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a product for which all sellers offer identical products.

Marginal Cost

The cost added by producing one extra item of a product.

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