White Privilege Is the Idea That One Group in Society

question 55

Multiple Choice

White privilege is the idea that one group in society enjoys certain unearned privileges and that group members are

• A) discriminating blatantly against minority group members.
• B) actively seeking to maintain such privileges.
• C) largely unaware of the unequal benefits they possess.
• D) seeking to change the racial inequalities.

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Definitions:

Competitive Industry

An industry characterized by many firms producing similar goods or services, where no single firm has a dominant market share.

Market Price

The existing rate at which an asset or service is available for buying or selling in the market.

Demand Curve

A visual diagram showing the correlation between an item's price and the amount of it that consumers want to buy.

Profit Maximized

Profit maximized refers to a scenario where a firm achieves the highest possible profit from its operations, where marginal costs equal marginal revenue.