Doing something that is not necessarily discriminatory on its face, but is motivated by reference to well-established empirical regularities is
A. rational discrimination.
B. statistical discrimination.
C. disparate treatment discrimination.
D. adverse impact discrimination.
Answer: B
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"A single-price monopoly will always charge a price that is on the elastic range of the demand for the monopoly's output." Explain why the previous statement is correct or incorrect
What will be an ideal response?
An increase in ________ tends to increase ________ and therefore increase ________
A) cost; price; supply B) cost; demand; price C) demand; price; cost D) supply; cost; price
In the absence of a Ricardo-Barro effect, a government budget deficit ________ the demand for loanable funds and ________ investment
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Assuming that the total market size remains constant, a monopolistically competitive firm earning profits in the short run will find the demand for its product decreasing in the long run because
A) some of its customers have switched to purchasing the products of new entrants in the market. B) as the firm raises its price in the long run, it will lose some customers to new entrants in the market. C) its costs of production rises. D) new entrants into the market are more likely to have cutting edge products.