The Idea That Natural and Immutable Differences Existed That Separated

question 59

Multiple Choice

The idea that natural and immutable differences existed that separated the races was known as

• A)social determinism.
• B)ethnocentrism.
• C)racial essentialism.
• D)group superiority.

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Definitions:

Normal Profit

The minimum profit necessary for a company to remain competitive in the market, often considered the cost of doing business.

Marginal Cost

The cost increase associated with the production of an extra unit of a product or service.

Competitive Firms

Businesses that operate in a market environment where they vie with others to offer goods or services, focusing on price, quality, and innovation.

Monopolists

Individuals or entities that hold a monopoly, controlling the entire supply of a good or service in a particular market, eliminating competition.