All of the Following Are Ethical Blind Spots EXCEPT

question 9

Multiple Choice

All of the following are ethical blind spots EXCEPT:

• A) overestimating our ethicality
• B) in-group favoritism
• C) out-group favoritism
• D) judging based on outcomes, not the process

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Definitions:

Marginal Cost

The financial outlay required to produce an additional unit of a product or service.

Fixed Cost

Expenses that do not change with the amount of goods or services produced, such as rent, salaries, and insurance premiums.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market.

Industry Price

The general cost at which goods or services are sold within a particular industry, influenced by supply, demand, and competition.