Refer to the information provided.Why might an economist be sceptical of Billy's discrimination complaint?

Question

Quizplus · Accepted Answer

Economists often believe that in a competitive market, employers pay employees based on their value to the firm rather than factors such as race or gender. Therefore, if Billy is being paid less than his colleagues, an economist may look for other reasons such as differences in productivity or skills rather than assuming discrimination.

Refer to the Information Provided