In 2001, Women in Most Occupations Earned ________ of What

question 12

Multiple Choice

In 2001, women in most occupations earned ________ of what males in the same occupation earned.

• A) less than 30 percent
• B) about 50 percent
• C) about 70 percent
• D) about 90 percent

---

Definitions:

Collusion

A secret agreement between firms in a market to fix prices, limit production, or divide markets, in order to reduce competition and increase profits.

Marginal Cost

The additional cost incurred for the production of one more unit of a good or service, an essential concept for making efficient production decisions.

Oligopoly

A market structure characterized by a small number of firms controlling a large market share, resulting in limited competition.

Competitive Ideal

A market situation wherein there is perfect competition, with no single buyer or seller able to influence prices or market conditions.