_____ Is Defined as the Preference Given to Protected Group

question 47

Multiple Choice

_____ is defined as the preference given to protected group members in hiring and promotion over more qualified or more experienced workers from non-protected groups.

• A)Equal Employment Opportunity
• B)Negative discrimination
• C)Reverse discrimination
• D)Supporting action

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Definitions:

Diseconomies of Scale

A situation in which a company or business grows so large that the costs per unit increase.

Long-run ATC

Long-run Average Total Cost refers to the per-unit cost of production in the long term where all inputs are considered variable.

Rate of Return

The rise or fall in an investment's worth over a designated period, articulated as a percentage of the cost of the investment.

Natural Monopolies

Natural monopolies occur in industries where the costs of production are lowest when a single firm supplies all the output, such as utilities companies.