The Idea That Indirect Discrimination Arises Because of Established Patterns

question 16

Multiple Choice

The idea that indirect discrimination arises because of established patterns of social relations involving privileges of dominant ethnic groups is referred to as:

• A) cultural dominance
• B) institutional racism
• C) class conflict
• D) oppression

Explain the conditions necessary for successful price discrimination.

Assess how price discrimination impacts consumer welfare and market efficiency.

Recognize the role of market segmentation in price discrimination practices.

Comprehend the implications of price discrimination in service industries and why it is more prevalent there.

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Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Engel Curve

A graph that illustrates how household expenditure on a particular good or service varies with income.

Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.

Quantity Demanded

The specific amount of a good or service that consumers are willing to purchase at a given price point, at any given moment.