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Discuss the Four Ethical Principles of Nursing

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Discuss the four ethical principles of nursing.


Definitions:

Differentiated Product

A product that differs from its competitors based on features, quality, branding, or some other characteristics.

Perfectly Competitive

A market structure where many firms offer identical products, entry and exit are easy, and no individual buyer or seller has any influence over prices.

Monopoly

A market structure characterized by a single seller or company dominating the entire market, leading to limited competition.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

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