Suppose That Minimum Efficient Scale as a Percentage of U

question 72

Multiple Choice

Suppose that minimum efficient scale as a percentage of U.S. consumption is 5 percent in industry X and it is 10 percent in industry Y. It follows that we would expect to find

• A)fewer firms in industry Y than X.
• B)fewer firms in industry X than Y.
• C)bigger firms in industry Y than X.
• D)bigger firms in industry X than Y.

Identify the concept of utility thinking and its role in ethical decision-making.

Distinguish between negative rights theory and positive law.

Explain the significance of landmark legal cases and their influence on ethical reasoning.

Analyze the ethical implications of market value ethics and ethical relativism.

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Definitions:

Price Bartering

The negotiation process between buyer and seller to settle on a mutually agreeable price for goods or services.

Operational Code

A set of guidelines or principles that govern the operations, behavior, or decision-making process within an organization or system.

Ethical Situations

Scenarios that require individuals or organizations to make choices based on moral principles and values.

Principle-Based

Relating to or denoting an approach that relies on a set of guiding principles or values to dictate how something is to be done or managed.