Studies show that white women earn approximately 25% less than white men. From this data alone, one should not conclude that white women are victims of discrimination. Name two other factors that could explain the difference in wages

Price discrimination is

a. The practice of charging different prices to different individual buyers or customer groups b. The practice of differentiating the product to make demand less elastic c. The practice of deciding a single price to be charged to customers d. Always illegal

The market wage could be higher than the equilibrium wage if a worker

a. is a superstar. b. belongs to a labor union. c. has more human capital. d. All of the above are correct.