According to 2012 Data on the U

question 441

Multiple Choice

According to 2012 data on the U.S. population, which of the following groups of teenagers ages 16-19) had the highest unemployment rate?

• A) white males
• B) white females
• C) black males
• D) black females

---

Definitions:

Barriers to Entry

Obstacles that make it difficult for new firms to enter a market, such as high startup costs or stringent regulations.

X-inefficiency

The production of output, whatever its level, at a higher average (and total) cost than is necessary for producing that level of output.

Price-Discriminated

A pricing strategy where a seller charges different prices for the same product or service to different buyers, based on factors like demand, market conditions, or buyer characteristics.

Pure Monopolist

A market scenario where a single firm is the sole provider of a product or service, facing no competition.