What Do We Call the Belief That One Social Group

question 102

Multiple Choice

What do we call the belief that one social group is superior to another on the basis of some visible characteristic and that inferiority of a group justifies unequal treatment.

• A) scapegoating
• B) racism
• C) discrimination
• D) race relations

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Definitions:

Antitrust Laws

Legislation enacted to prevent new monopolies from forming and police those that already exist to protect consumers and ensure fair competition in the marketplace.

Predatory Pricing

A strategy where a company sets very low prices to eliminate competition and establish a monopoly in the market.

Tacit Collusion

An unspoken, implicit understanding among competitors to avoid certain competitive behaviors, such as price cutting.

Quantity-fixing Agreements

involve deals or arrangements between competing businesses to restrict output levels, aiming to influence market prices or conditions.