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suppose that due to anti-foreign prejudice, immigrants in Japan earn 20% less than equally qualified natives, even though 99% of their workforce is native-born. A

suppose that due to anti-foreign prejudice, immigrants in Japan earn 20% less than equally qualified natives, even though 99% of their workforce is native-born. A typical firm has the following balance sheet:

100 natives @ $40,000 =$ 4,000,000

1 immigrant @$32,000 = $32,000

Bond holders=$500,000

Stockholders=$500,000

Total= $5,032,000

T or F and explain: This example shows that market forces are especially effective at reducing discrimination when the fraction of victims is small?

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