Outcome of rational decision making processes


In what way do competitive markets have a "natural remedy" for discriminatory hiring practices? A. Government naturally steps in to resolve problems of discrimination. B. Profitmaximizing firms that do not discriminate tend to replace firms that discriminate. C. Wages paid to groups that are victimized by discrimination are eventually bid up to aboveequilibrium levels. D. Discrimination is usually the outcome of rational decisionmaking processes, and competitive markets produce rational

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Microeconomics: Outcome of rational decision making processes
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