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The _____ Version of Utilitarianism Would by Sympathetic with Government

question 71

Short Answer

The _____ version of utilitarianism would by sympathetic with government regulation of business on the grounds that such regulation will ensure that business activities do contribute to the overall good.


Definitions:

Equilibrium

A state in which demand and supply are balanced, often leading to a stable market condition.

Intersect

The point at which two or more lines, paths, or items meet or cross each other.

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product demanded, resulting in market stability.

Quantity Demanded

The cumulative quantity of a product or service that buyers are ready and capable of buying at a certain price during a defined timeframe.

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