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If I Have the Only Telephone in Town, It Is

question 38

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If I have the only telephone in town, it is essentially worthless. Then other people in town get telephones and I can call them. The value of my telephone rises as more and more of the town installs phones. This makes the telephone a(n) __________ good.


Definitions:

Ethical Principle

A fundamental guideline that dictates the conduct of individuals and organizations by delineating what is right and wrong.

Justice

The principle of fairness and the moral rightness of actions and laws within society.

False Imprisonment

The act of detaining a person without legal authority, infringing on their freedom of movement.

Combative Patient

A patient who is aggressively resistive or confrontational towards healthcare workers or caregivers, often requiring special management strategies.

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