Examlex
The following question relates to an oligopoly market where the industry demand curve is P = 100 - Q. Compare the models analyzed here with reference to the consumer and economic efficiency.
Conventional Morality
A stage of moral development where individuals' behavior is shaped by conforming to society's norms and expectations.
Kohlberg's Stages
A theory proposed by Lawrence Kohlberg that outlines the stages of moral development individuals go through, from basic obedience to complex ethical and moral reasoning.
Conscience
An inner feeling or voice viewed as acting as a guide to the rightness or wrongness of one's behavior.
Just Society
A societal ideal where fairness and equality are upheld, ensuring that all individuals have access to resources, opportunities, and justice irrespective of their background.
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