Poor Ethical Decisions Often Result from

question 31

Multiple Choice

Poor ethical decisions often result from

• A)an inability to view a situation objectively.
• B)an inability to view a situation subjectively.
• C)prejudices,biases,personal needs,or emotional investment in a situation.
• D)both a and c
• E)both b and c

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Definitions:

Cournot Duopolists

Firms in a duopoly market structure that base their competition strategies on the quantity of output, assuming the reaction of the other firm to find an equilibrium.

Demand for Wine

The desire and willingness of consumers to purchase wine at various prices, influenced by factors such as income, tastes, and substitutes.

Imports

Goods or services brought into one country from another for sale.

Cournot Duopolists

Refers to firms in a duopoly (a market dominated by two companies) that determine their strategy based on the assumption that the other firm's output will be constant.