From an Ethical Standpoint,what Is the Problem with the Belief

question 21

Multiple Choice

From an ethical standpoint,what is the problem with the belief that everyone should receive his or her fair share,that life should always be fair,and that everyone should make his or her own decisions?

• A) With this belief, the needs of society as a whole are ignored.
• B) Insufficient resources exist to give everyone a fair share.
• C) This belief leads to a propensity for some people to like to be taken care of.
• D) Some people think they deserve more than others.

---

Definitions:

Oligopoly

A market structure dominated by a few large firms, resulting in limited competition and often leading to higher prices for consumers.

Price Searchers

Firms or individuals who determine the price of their goods or services based on market conditions, often with some degree of market power.

Oligopolistic Industry

An industry structure characterized by a small number of firms dominating the market, often leading to strategic interactions in setting prices and output.

Collude

When two or more firms or entities agree to work together, typically secretly and illegally, to fix prices, rig bids, or form a monopoly to eliminate competition and increase profits.