In a Perfectly Competitive Market You Observe That, After a Permanent

question 22

Multiple Choice

In a perfectly competitive market you observe that, after a permanent increase in demand in the long run, price increases. You can conclude that this market exhibits _______.

• A) external diseconomies
• B) economies of scale
• C) diseconomies of scale
• D) external economies

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Definitions:

Kohlberg's Stages

Kohlberg's Stages describe a theory of moral development proposed by psychologist Lawrence Kohlberg, detailing how individuals progress through different levels of moral reasoning.

Personal Moral Code

A set of principles or ethics that an individual personally follows, guiding their behavior and decisions based on their beliefs about what is right and wrong.

Care Perspective

An ethical viewpoint emphasizing caring for others and maintaining relationships as a moral compass.

Carol Gilligan

An American feminist, ethicist, and psychologist best known for her work on moral development, especially in women.