Suppose the product market is competitive. Which of the following would explain why the market forces would drive discriminating employers out of business? a. Workers will refuse to work for a discriminating employer. c. Discrimination imposes an additional cost on the employer, and high-cost firms are eventually driven out of a competitive output market. c. The government mandates that the employer not act on his or her desire to discriminate. d. A competitive output market requires all workers to be paid the same wage. e. Customers will refuse to purchase from a discriminating employer.
Suppose the product market is competitive. Which of the following would explain why the market forces would drive discriminating employers out of business? a. Workers will refuse to work for a discriminating employer. c. Discrimination imposes an additional cost on the employer, and high-cost firms are eventually driven out of a competitive output market. c. The government mandates that the employer not act on his or her desire to discriminate. d. A competitive output market requires all workers to be paid the same wage. e. Customers will refuse to purchase from a discriminating employer.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter14: Labor Markets And Income
Section: Chapter Questions
Problem 1SCQ: Table 14.10 shows levels of employment (Labor), the marginal product at each of those levels, and...
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Suppose the product market is competitive. Which of the following would explain why the market forces would drive discriminating employers out of business?
a. Workers will refuse to work for a discriminating employer.
c. Discrimination imposes an additional cost on the employer, and high-cost firms are eventually driven out of a competitive output market.
c. The government mandates that the employer not act on his or her desire to discriminate.
d. A competitive output market requires all workers to be paid the same wage.
e. Customers will refuse to purchase from a discriminating employer.
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