Are corporations moral agents? why or why not? do they have moral responsibilities? or, do only human beings (moral agents) have moral agency and therefore, moral obligations?

The correct answer is: Yes, corporations are considered moral agents, and they have moral responsibilities and obligations.

Explanation:

Corporations are special kind of entity, they are not considered as humans, but they have the same legal rights as humans. As they can act and affect others with their actions and decisions they must follow the same moral obligations and responsibilities as humans.

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.