979EconomicsMedium
Competitive markets tend to?
Aincrease labour market discrimination because bigoted employers can charge any price they want in a competitive market to cover the cost of their discrimination
BIncrease labor market discrimination because some workers can charge more for their services than other workers in a competitive market
Creduce labour market discrimination because non-discrimination firms will employ cheaper labour earn more profits and drive discriminating firms out of the market
Dhave no impact on labour market discrimination
Correct answer
C. reduce labour market discrimination because non-discrimination firms will employ cheaper labour earn more profits and drive discriminating firms out of the market
Explanation
The correct answer is reduce labour market discrimination because non-discrimination firms will employ cheaper labour earn more profits and drive discriminating firms out of the market.