Which Philosopher Was at the Center of Most Scholastic Thought

question 55

Multiple Choice

Which philosopher was at the center of most scholastic thought?

• A)Epicurus
• B)Socrates
• C)Xeno
• D)Plato
• E)Aristotle

---

Definitions:

Collusive Agreements

Secret or illegal cooperation or conspiracy, especially between competing entities, to cheat or deceive others.

Monopolist

A market participant, individual, or company that holds exclusive control over the supply of a particular good or service, potentially manipulating prices.

Competitive Price-Searcher

A market structure where firms have some control over the price because their products are differentiated, and consumers search for the best prices among competitors.

Long-Run Economic Profit

The excess revenue over costs, including opportunity costs and explicit costs, that a firm realizes when all inputs are considered variable, typically assumed in a period where firms can enter or exit the industry.