According to This Theory, Each Person Is So Constituted That

question 50

Multiple Choice

According to this theory, each person is so constituted that they will look out only for their own interests.

• A)Ethical Egoism
• B)Altruism
• C)Psychological Egoism
• D)Utilitarianism

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Definitions:

Advertising

The act or job of creating promotional material for commercial goods or services.

Advertising

The action of calling public attention to products, services, needs, etc., especially by paid announcements in newspapers and magazines, over the radio or television, on billboards, etc.

Long-run Equilibrium

The state in which all inputs are variable, allowing firms to make adjustments and the market to clear.

Efficient Scale

The level of production at which average total costs are minimized.