A perfectly competitive market is initially in long-run competitive equilibrium. each firm in the market is earning zero economic profit. the owner of one firm decides to discriminate against employees of race x by not hiring them, or by firing those employees of race x who currently work for him. if employees of race x are high-quality employees, and other firms hire them, then the owner of the discriminating firm will soon find that his costs rise (above that of other firms) and he will begin earning
a. below normal profits.
b. normal profits.
c. positive economic profits.
d. losses.
e. a and d
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A perfectly competitive market is initially in long-run competitive equilibrium. each firm in the market is earning zero economic profit. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Boston Company manufactures pipes and applies manufacturing overhead costs to production using a budgeted predetermined overhead rate of $18 per direct labor-hour.
Answers (1)
Compare the yield to maturity and the current yield. How do you explain this relationship? (Select the best response.) A. If a bond sells at a discount, the yield to maturity is greater than the current yield. B.
Answers (1)
Explain how much activity can affect the carbon cycle.
Answers (1)
Your paycheck varies directly with the number of hours you work each week. one week you worked 20 hours and received $110 as your gross salary. in this direct variation problem, what is your constant of variation?
Answers (1)
Mansfield Corporation estimates its manufacturing overhead costs to be $160,000 and its direct labor costs to be $320,000 for 2012. The actual manufacturing labor costs were $80,000 for job 1, $120,000 for job 2 and $160,000 for job 3 during 2012.
Answers (1)
New Questions in Business
What is the inventory turnover ratio for ABC Corp. if cost of goods sold equals $5,000, current ratio equals 3, quick ratio equals 1.5, and the firm has $1,800 in current assets
Answers (1)
Jeff went shopping last Monday and almost bought an item for $50. He decided against making the purchase because he did not like the trade-offs. What kept Jeff from making the purchase? The item was too expensive.
Answers (1)
The Australian Shepherds reputation in the United States is growing rapidly. Most often the dog is called an Aussie. Aussies's are fast, strong, and highly intelligent dogs.
Answers (1)
When choosing a career, you should review the to find out whether or not there will be a demand for this profession in the years ahead. Check the academic requirements. Also check to determine whether the job will match the lifestyle you want.
Answers (1)
The Miller Company earned $99,000 of revenue on account during Year 1. There was no beginning balance in the accounts receivable and allowance accounts. During Year 1, Miller collected $70,000 of cash from its receivables accounts.
Answers (1)