Davis and Moore Argue That the Hidden Function of Stratification

question 6

True/False

Davis and Moore argue that the hidden function of stratification is to insure that the most important positions are conscientiously filled by the most qualified persons.

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Definitions:

Contestable Markets

Markets where the entry and exit of firms are so easy that the market always remains competitive, ensuring that prices remain close to marginal costs.

Barriers To Entry

obstacles that make it difficult for new competitors to enter a market, including high startup costs, access to technology, and stringent regulations.

Competitive

Characterizes a market scenario where multiple sellers strive to attract customers by offering better terms, prices, or products.