Which of the Following Statements Is NOT True

question 8

Multiple Choice

Which of the following statements is NOT true?

• A)Racism is the idea that physical differences between groups of people signify no difference in intelligence and ability
• B)Prejudice is having unfavorable feelings about a group and its individual memebers
• C)Discrimination is differential treatment of individuals from certain groups or social categories
• D)None of the above

---

Definitions:

Profit Maximizing

A company’s strategy aimed at adjusting their level of output until they achieve the highest possible profit.

Profit-Maximizing Number

The output level at which a firm achieves the highest possible profit, determined by revenue and cost structures.

Shutdown Quantity

The amount of output at which a company's revenue just covers its variable costs, prompting it to cease operations temporarily if prices fall below this level.

Monopolistically Competitive

This refers to a market structure where many companies sell products that are similar but not identical, allowing for some degree of market power and product differentiation.