Ethics Involve Which of the Following

question 17

Multiple Choice

Ethics involve which of the following?

• A)making decisions on questions that have clear right and wrong answers
• B)making decisions where no answer seems to be acceptable
• C)making a personal decision using a moral code
• D)decisions where everyone can agree on what you should do

---

Definitions:

Monopolistically Competitive Market

An economic setup in which numerous companies offer goods that are alike but not identical, granting them some level of control over the market.

Marginal Revenue

The additional revenue that a firm receives from selling one more unit of a good or service.

Average Total Cost

The total cost of production divided by the total output or quantity produced.

Monopolistically Competitive Firm

A firm that operates in a market with many competitors, each offering a slightly different product.