Business Owners Who Care Only About Maximizing Profits Are

question 18

Multiple Choice

Business owners who care only about maximizing profits are

• A) likely to discriminate against certain groups of workers.
• B) likely to be replaced by discriminating businesses.
• C) more concerned about racial discrimination than gender discrimination.
• D) at an advantage when competing against those who practice employment discrimination.

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Definitions:

Free Rider

An individual or entity that benefits from resources, goods, or services without paying for them, often leading to market failures.

Costs of Production

All expenses incurred in the process of creating and offering goods or services for sale, including raw materials, labor, and overheads.

Nonexcludable

A characteristic of a good or service that makes it impossible to prevent individuals who have not paid for it from having access to it.

Nonpaying Customers

Individuals or entities that receive goods or services without providing payment to the provider, often leading to revenue loss.