Moe's Sweaters is a firm in perfect competition. Moe's customers don't know who the firm's workers are
If Moe is the only employer in the market who discriminates against women by paying them less than he pays to equally qualified men, his firm will A) lower its labor cost and receive a greater economic economic profit than its competitors.
B) receive a positive economic profit while its competitors will only receive a normal profit.
C) not maximize its economic profit and will not survive.
D) be able to lower its price and undercut the competitors.
C
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Refer to Exhibit 10-2. At M,
a. TP > TE. b. the relationship between TP and TE cannot be determined. c. TE > TP. d. TP = TE.
Research in history and economic history shows that before 1880,
(a) there was some government intervention in the private sector of the American economy. (b) there was substantial federal regulation of private business organization but little influence in the economy otherwise. (c) the regulation and participation that existed were usually of a background nature and were not concerned with the details of day-to-day private business. (d) laissez faire was the rule so far as the federal government was concerned.
(Figure: Technological Progress and Productivity Growth) Look at the figure Technological Progress and Productivity Growth. Which of the following changes in real GDP is most likely to have resulted from an increase in domestic savings?
What will be an ideal response?
Which of the following statements is true concerning the global flow of foreign direct investment (FDI) since 1990?
A. Mexico has received more FDI inflows than has the United States. B. FDI flows into and within the European Union fell. C. The proportion of global FDI that flowed into the United States increased. D. The proportion of global FDI that flowed into developing countries increased.