__________ Is Tendency for Decision Makers to Persist with Failing

question 40

Short Answer

__________ is tendency for decision makers to persist with failing courses of action, sometimes because resources have already been allocated to such a course of action.

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Definitions:

Direct Competition

The scenario where businesses offer the same or similar products or services to the same customer base, competing directly for market share.

Sherman Act

An antitrust law enacted in the United States to prevent monopolistic practices and promote competition among businesses.

Per Se Violation

A legal principle whereby an action is considered illegal in itself, without the need to prove harm or intent.

Medical Device Makers

Companies specialized in the design, manufacture, and sale of medical devices used in healthcare treatment, diagnosis, or prevention.