Lamis Likes to Play "Go Fish

question 16

Multiple Choice

Lamis likes to play "Go Fish." One day when her older brother suggests changing the rules, she adamantly insists that the rules cannot be changed. Lamis has not yet made the transition to

• A) heteronomous morality.
• B) a punishment and obedience orientation.
• C) an instrumental purpose orientation.
• D) morality of cooperation.

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Definitions:

Oligopolistic Market

A commercial structure distinguished by a select few corporations having considerable sway over the determination of market prices and the nature of competition.

Economic Profit

The surplus left after subtracting both explicit and implicit costs from total revenue; measures the true profitability of an enterprise beyond accounting profit.

Marginal Cost

Marginal cost is the additional cost incurred by producing one more unit of a good or service.