Unethical Behavior Is Always

question 3

Multiple Choice

Unethical behavior is always:

• A) unacceptable
• B) illegal
• C) punishable by legal means
• D) punishable by professional groups
• E) behavior that requires time in jail

---

Definitions:

Loss-Minimizing

A strategy or point where a firm attempts to reduce its losses to the lowest possible level when it cannot achieve profitability.

Efficient Output Level

The quantity of production that maximizes a firm's profit by equating marginal cost and marginal revenue.

Units

A standard quantity or amount used as a measure of a physical quantity, such as length, mass, or time.

Monopolistic Competitor

A type of market structure where many firms offer products that are similar but not identical, allowing for some degree of market power and product differentiation.