Which of the Following Statements Is Correct? Monopolies Are Socially

question 65

Multiple Choice

Which of the following statements is correct? Monopolies are socially inefficient because they

• A) (iii) only
• B) (iii) and (iv) only
• C) (i) and (ii) only
• D) (i), (ii), (iii), and (iv)

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Definitions:

Moral Violations

Acts or behaviors that transgress established moral principles or ethical standards.

Higher Good

A concept referring to the ultimate value or aim that is deemed supremely beneficial or virtuous.

Kohlberg

Refers to Lawrence Kohlberg, a psychologist known for his theory of moral development, which suggests that moral reasoning develops in stages.

Moral Judgments

Evaluations or decisions made about the rightness or wrongness of actions based on a set of ethical principles or moral values.