Which of the Following Constitutes Ethical Information

question 7

Multiple Choice

Which of the following constitutes ethical information?

• A) A restaurant using photos on its website of dishes that it does not serve
• B) A manufacturer of cell phones asking its sales team to post favourable product reviews on social media
• C) A company paying customers to recommend its products to their friends
• D) A vendor including only essential information in promotional material mailed out to customers

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Definitions:

Long Run

A period in economics sufficient for all markets to adjust, including prices, outputs, and wages, reflecting changes in economic conditions or policies.

Perfect Competitor

A theoretical market scenario where many firms sell identical products, where no single buyer or seller can influence the market price.

Long Run

A period in economics where all factors of production and costs are variable, and firms can enter or exit the market.

Perfect Competitor

A theoretical market structure where numerous small firms produce identical products, allowing no single firm to affect the market price.