Refer to the Exhibit

question 126

Multiple Choice

Refer to the exhibit. Which item does C represent?

Comprehend the concept of economic profits and losses in the long run under perfect competition.

Acknowledge the impact of technology and the Internet on market competition and knowledge.

Understand the price, marginal revenue, average total cost, and marginal cost under perfect competition.

Recognize the characteristics and implications of perfect competition on firms and market outcomes.

Definitions:

Disparate-Treatment Discrimination

A form of discrimination in which an employee or job applicant is treated unfavorably because of their race, color, national origin, sex, or religion in comparison to others.

Disparate-Impact Discrimination

Unintentional discrimination that occurs when a neutral policy disproportionately affects a protected group.

Filing a Claim

The process of formally submitting a request for compensation or remedy for a loss or wrong experienced.

Title VII

is a section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, or national origin.