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Mill mentions those who object to utilitarianism on the grounds that it holds humanity to an excessively high moral standard. Why might someone make this argument? How does Mill respond to it? What is your view: Are the requirements of utilitarianism excessively demanding? Why or why not?
Differentiated Goods
Products that are distinguished from others on the basis of quality, brand, design, or some other characteristic, making them unique from competitors’ offerings.
Product Standardization
The process of adopting uniform characteristics for a product or its components, often to ensure consistency and compatibility.
Peak Efficiency
The state or condition in which a system or process operates at its maximum potential or effectiveness, utilizing resources optimally without waste.
Monopolistic Competitor
A market structure where many companies sell products that are similar but not identical, allowing for significant control over pricing and competition on factors other than price, such as quality and branding.
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