If Firms Are Competitive, Then Labor-Market Discrimination

question 33

Multiple Choice

If firms are competitive, then labor-market discrimination

• A)cannot exist in either the short run or the long run.
• B)will be more of a problem than if the market were monopolistic or imperfectly competitive.
• C)likely will not be a long-run problem unless customers exhibit discriminatory preferences or government maintains discriminatory policies.
• D)likely will be more of a problem in the long run than in the short run due to the zero-profit condition that characterizes long-run equilibrium for competitive firms.

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Definitions:

Democratic Institutions

Organizations or systems that operate on principles of democracy, allowing equal participation and representation in decision making.

Task-Oriented

Focused on completing tasks and achieving specific goals efficiently and effectively.

People-Oriented

An approach or management style focused on valuing and prioritizing the well-being, development, and engagement of individuals within an organization.

Participative Leadership

A leadership style where the leader includes team members in the decision-making process, valuing their input and fostering collaboration.