racial discrimination

1. Where are you more likely to see racial discrimination: in the highly competitive financial services industry, or in the tobacco industry (where four firms control about 99% of the market share)? Explain your answer, drawing on your knowledge of market structures from Chapters 8, 9, and 11.
2. “The most heartfelt gifts are anonymous ones.” Explain this statement, drawing on your knowledge of utility functions that account for behavioral traits.