According to the textbook, if firms are competitive, then labor-market discrimination is Select one: А. certain to be more of a problem than if the market were monopolistic or imperfectly competitive. В. certain to be nonexistent in the short run and in the long run. C. not likely to be a long-run problem unless customers exhibit discriminatory preferences or government maintains discriminatory policies. D. more likely to be 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. Е. Both A and D

According to the textbook, if firms are competitive, then labor-market discrimination is Select one: А. certain to be more of a problem than if the market were monopolistic or imperfectly competitive. В. certain to be nonexistent in the short run and in the long run. C. not likely to be a long-run problem unless customers exhibit discriminatory preferences or government maintains discriminatory policies. D. more likely to be 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. Е. Both A and D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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