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According to the text, information technology has caused ethical controversy in which of the following basic categories of ethical business issues?
Total Cost
The sum of fixed costs and variable costs incurred by a business in producing a particular level of output.
Industry Equilibrium Price
The price at which the total quantity demanded by consumers equals the total quantity supplied by firms in an industry.
Perfectly Elastic
A situation in demand or supply where quantity demanded or supplied changes infinitely with any change in price.
Marginal Revenue
The additional income received from selling one more unit of a good or service. It is an important concept in microeconomics and business when determining the optimal level of sales and production.
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