Which of the Following Is NOT an Example of Institutional

question 11

Multiple Choice

Which of the following is NOT an example of institutional inequality that was experienced by Blacks moving to Los Angeles from the South in the 1920s?

• A) dilapidated housing
• B) low wages
• C) restrictive housing covenants
• D) access to health insurance

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Definitions:

Price Leadership

Price leadership occurs when a leading firm in an industry sets the price of goods or services, and other firms in the market follow suit, often seen in oligopolistic markets.

Price Wars

A competitive situation where retailers or producers continuously lower prices to undercut competitors, often leading to reduced profit margins for all involved.

Oligopolists

Oligopolists are firms or entities that operate in an oligopoly, a market structure characterized by a small number of sellers that have significant control over market prices and conditions.

Sales Growth

The increase in sales over a specific period, indicating the degree to which a company's revenue performance is improving or declining.