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:

CIA

As a civilian foreign intelligence agency of the United States federal government, the Central Intelligence Agency's duties include gathering, processing, and analyzing information pertinent to national security.

Invasion of Panama

A military operation conducted by the United States in December 1989, aimed at overthrowing Panamanian leader Manuel Noriega.

Manuel Noriega

The military dictator of Panama from 1983 to 1989, known for his involvement in drug trafficking. His regime was ended by a U.S. invasion in 1989.

Drug Trafficking

The illegal production, distribution, and sale of drugs and controlled substances.