Vic Was Struggling with a Difficult Math Exam

question 70

Multiple Choice

Vic was struggling with a difficult math exam.Abbey,an A+ student,was not covering her paper,so Vic decided to copy some of her answers in order to avoid having to try solving the rest of the problems himself.What level of moral reasoning did Vic demonstrate?

• A)Conventional
• B)Nonconventional
• C)Postconventional
• D)Preconventional

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Definitions:

X-inefficiency

The difference between efficient behaviors of businesses in a competitive market and their actual behaviors due to lack of competitive pressure.

Decreasing-cost Industry

An industry in which the costs of production decrease as the industry grows and output increases.

Decreasing-cost Industry

An industry in which the costs of production per unit decrease as the industry grows and output increases.

Long-run Equilibrium

A state in which all factors of production and outputs are adjusted so that prices, supply, and demand are stable over time.