Because Romans Generally Believed That People Could Determine Right from Wrong

question 44

Multiple Choice

Because Romans generally believed that people could determine right from wrong, conquered peoples were accorded what freedom?

• A) The freedom to conquer and control other states
• B) The freedom to govern themselves
• C) The freedom to travel within the boundaries of the Roman Empire

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Definitions:

Cournot Equilibrium

The Cournot equilibrium is a concept in economic theory where firms reach a state of balance in quantity and price in a duopoly, where each firm's output decision best responds to the output decision of the other firm.

Downward-Sloping

A term describing a curve or line that decreases in value as it moves from left to right, often used to describe demand curves in economics.

Cournot Equilibrium Price

A concept in oligopoly theory where each firm chooses its quantity to maximize profit, assuming the other firms' quantities remain fixed, leading to a stable market price.

Constant Unit Cost

A situation where the cost to produce one unit of a good remains the same, regardless of the total quantity produced.