People Who Are Not Personally Affected by Discrimination May Still

question 11

True/False

People who are not personally affected by discrimination may still find overt discrimination offensive and choose to spend their dollars in organizations that do not discriminate. ​

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Definitions:

Collusion

A secret or illegal cooperation or conspiracy, especially between parties to deceive or defraud others.

Barriers to Entry

Obstacles that make it difficult to enter a given market, potentially including high startup costs, strict regulations, or strong competition.

Few Firms

In markets characterized by few firms, also known as oligopolies, a small number of companies dominate the industry, leading to limited competition.

Prime Rate

The interest rate that banks charge their most creditworthy customers, often used as a benchmark in lending rates.