In Competitive Markets, Discrimination Is

question 105

Multiple Choice

In competitive markets, discrimination is

• A)less likely to occur, due to employer profit maximization.
• B)efficient.
• C)costless.
• D)regulated out of existence.
• E)more likely to occur than in other markets.

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Definitions:

Vertical Contracts

Agreements between companies at different levels of the supply chain, such as manufacturers and retailers, aimed at controlling prices or excluding competitors.

Costly Activities

Activities that involve a significant expenditure of resources such as time, money, or effort.

New Product

An item or service that has been recently developed or introduced to the market, offering new or improved features.

Minimum Wage Control

Regulatory measures that set the lowest hourly rate of pay that employers can legally offer their employees.