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Economics Mcqs
Q
Competitive markets tend to ?
AA. Increase labor market discrimination because some workers can charge more for their services than other workers in a competitive market
BB. Have no impact on labour market discrimination
CC. Reduce labour market discrimination because non-discrimination firms will employ cheaper labour earn more profits and drive discriminating firms out of the market
DD. Increase labour market discrimination because bigoted employers can charge any price they want in a competitive market to cover the cost of their discrimination
Correct Answer:
C. C. Reduce labour market discrimination because non-discrimination firms will employ cheaper labour earn more profits and drive discriminating firms out of the market
