In 2021, an investment company was offered two bids for Baldwin Hills Crenshaw Plaza—a local landmark in South Central Los Angeles. Harridge Development Group, a local real estate developer, offered $111 million for the property, while Downtown Crenshaw, a group representing local residents, offered $115 million. The company accepted Harridge Development Group’s bid. These course notes use this decision as a case study to understand how stratification economics might explain persistent discrimination and inequality. While this example is local to Los Angeles, instructors may be able to find similar examples in their home cities.