Managers Must Apply the Same Ethical Standards to Their Employees

question 17

True/False

Managers must apply the same ethical standards to their employees as they do to themselves.

Comprehend the significance of demand and cost schedules in determining firm's market strategies.

Understand the use of concentration ratios and the Herfindahl index to measure market concentration.

Understand the basic assumptions and characteristics of monopolistic competition.

Recognize similarities and differences between monopolistic competition and other market structures.