With Regard to the Distinction Between Unethical and Illegal Behaviour

question 200

Short Answer

With regard to the distinction between unethical and illegal behaviour, it is correct to say that
something that is illegal is also unethical.
a given act can be ethical, yet illegal.
the distinction between unethical and illegal behaviour has no practical significance.
it is impossible for something to be unethical and legal at the same time.
all of these are correct.

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Definitions:

Output Quantity

Refers to the total amount of goods or services produced by a company or within an economy during a specific time period.

Profit Maximizing

A strategy or point where a firm achieves the highest possible profit given its production costs, sales price, and output level.

Monopoly Firm

A company that is the sole provider of a particular product or service in a market, lacking direct competition.

Output Level

This refers to the quantity of goods or services produced by a firm or an economy within a specific period.