The case study of segregated street cars in southern cities illustrates which of the following?
a. Streetcar owners opposed segregation laws primarily because they were concerned with civil rights.
b. Segregation laws were supported by both local business owners and patrons.
c. Firms usually care more about maximizing profits than discriminating against certain customers.
d. Laws passed by the government cannot reduce discrimination.
c
Economics
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If the demand for a good is elastic, the price elasticity of demand is ________
A) greater than 1 B) equal to 1 C) between 0 and 1 D) less than zero
Economics
Explain the difference between partial equilibrium analysis and general equilibrium analysis
What will be an ideal response?
Economics