Which Types of Ethical Evaluations Are Possible Once a Consumer

question 11

Multiple Choice

Which types of ethical evaluations are possible once a consumer enters into a situation that calls for an ethical decision?

• A) moral evaluations and relativistic evaluations
• B) contractual evaluations and relativistic evaluations
• C) moral evaluations and teleological evaluations
• D) deontological evaluations and teleological evaluations

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Definitions:

Price

The payment in money foreseen, mandatory, or supplied in exchange for something.

Pure Monopolist

A market structure in which a single company has exclusive control over the supply of a product or service, with no close substitutes.

Monopoly Profit

The excess earnings that a monopolist can secure over and above the earnings that could be achieved in a competitive market, due to the control over market prices.

Purely Monopolistic

A market structure in which a single company exclusively owns, produces, and sells a specific product or service, facing no competition.