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

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter15: The Shortcomings Of Free Markets

Section: Chapter Questions

Problem 5TY

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