refer to scenario 19-5. why might an economist be skeptical of jason's discrimination complaint? a. even if customers dislike jason because he's not helpful, if the store operates in a competitive market the store will pay jason the same as other workers. b. through antitrust laws, discriminating firms can be penalized with large fees. c. discrimination leads to profit maximization. d. differences in wages alone do not by themselves prove discrimination.

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06-12-2022
Business

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refer to scenario 19-5. why might an economist be skeptical of jason's discrimination complaint? a. even if customers dislike jason because he's not helpful, if the store operates in a competitive market the store will pay jason the same as other workers. b. through antitrust laws, discriminating firms can be penalized with large fees. c. discrimination leads to profit maximization. d. differences in wages alone do not by themselves prove discrimination.

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NomulaHarshidn NomulaHarshidn · Answer 1 · 2022-12-13T03:29:39-05:00

In a competitive market, employers pay employees based on their value to the firm. This is why might an economist be skeptical of Jason's discrimination complaint.

What is competitive market?

In response to customer demand for products and services, a competitive market develops. Due to the rivalry created by this market system, firms must assess their costs of production, pricing policies, and product output.

Perfect competition, as well as competitive markets, aim to factor in both the buyer and the supplier equally and develop strategies based on the market's current supply and demand. We define competitive marketplaces, describe their traits, and explain their functions and distinctions in this article.

Multiple factors determine market pricing and, hence, market supply in a completely competitive market. Because independent price adjustments might result in a loss in sales, competitive market producers in this structure are price-takers who accept the market price.

To study more about competitive market

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