Studies of professional sports teams suggest that, in sports, racial discrimination in previous decades was
a. rare.
b. common and that owners of teams are largely to blame.
c. common and that customers (fans) are largely to blame.
d. None of the above is correct; there are no reliable studies of discrimination in sports due to the difficulties inherent in measuring athletes' productivity.
c
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The above figure shows the cost curves for a typical firm in a market and three possible market supply curves. If there are 100 identical firms, the market supply curve is best represented by
A) curve A. B) curve B. C) curve C. D) either curve A or B, but definitely not C.
Consider the same market for nonalcoholic beer as in the previous question. Cudweiser's response function is
a. QB = 2,000 ? .5QC b. QB = 1,500 ? .5QC c. QC = 2,000 ? .5QB d. QC = 1,500 ? .5QB
Suppose that the demand for digital cameras is elastic, and the supply of digital cameras is inelastic. A tax of $20 per camera levied on digital cameras will decrease the effective price received by sellers of digital cameras by
a. less than $10. b. $10. c. between $10 and $20. d. $20.
Statistical discrimination is not always:
A. useful. B. legal. C. ethical. D. All of these statements are true.