When One Store Stays Open Late to Gain an Advantage

question 13

Multiple Choice

When one store stays open late to gain an advantage, its competitors begin to stay open late, too. At this point the first store is no better off than it was before, but now every store has additional expenses. This illustration is an example of what Frank and Cook call a

• A) capitalistic marathon.
• B) market economy.
• C) positional arms race.
• D) struggle for parity.
• E) virtual conflict.

---

Definitions:

Antisocial Personality

A long-standing mental disorder where there's consistent neglect or breach of others' rights.

Major Depressive Disorder

A clinical condition characterized by persistent and intense feelings of sadness or despair, lack of interest in activities, and several other physical and cognitive symptoms, impacting daily life.

Bipolar Disorder

A mental disorder marked by significant mood swings, including depressive lows and manic highs.

Immigrant Paradox

The observation that immigrants often exhibit better health and psychological outcomes than native-born populations, despite facing socioeconomic disadvantages.