Afric-125 Economics of Black Community 4. Figure 1 shows poverty rates among racialized/ethnic groups in the USA from the mid 20 century to the present 21st century. If the market eliminates all discriminatory practices as the neoclassical theory predicts, why do we still observe the huge poverty rate gap between black Americans and the non-Hispanic white Americans? In other words, explain why discrimination persists? Make sure that your analysis is succinctly clear and comprehensive.

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