What is the conservative position on discrimination as exemplified by Milton Friedman?
A) discrimination is an example of free choice, therefore it is utility maximizing and efficient.
B) discrimination is irrational and inefficient, therefore the market will eliminate it on its own.
C) discrimination is profitable to employers who can pay lower wages, therefore there are no market incentives to eliminate it.
D) discrimination does not exist, because it was made illegal many years ago.
Correct Answer:
Verified
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