Which of the Following Is an Example, Offered by Beauchamp

question 17

Multiple Choice

Which of the following is an example, offered by Beauchamp and Childress, of a moral norm that is virtually absolute and in need of no further specification?

• A) Put patients first.
• B) Nonmaleficence
• C) Prohibition of cruelty that involves unnecessary pain and suffering
• D) Respect for autonomy

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Definitions:

Oligopolists

Firms within a market structure where a small number of companies have significant market control.

Collude

To cooperate secretly or illegally with others, typically to deceive or gain an unfair advantage.

Zero Profits

a situation where a firm's total revenues are exactly equal to its total costs, typically occurring in perfectly competitive markets in the long run.

Noncooperative Equilibrium

A situation in which individuals or firms choose their strategy based on the anticipation that others will act in their own self-interest, leading to an outcome where no participant can benefit by changing their strategy unilaterally.