________ Are People Who Are Open to New Ideas and Are

question 72

Multiple Choice

________ are people who are open to new ideas and are often among the first to try new products,services,or practices.

• A) consumer participants
• B) consumer followers
• C) consumer innovators
• D) consumer pathfinders
• E) consumer activists

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Definitions:

Antirust Legislation

Laws and regulations designed to promote fair competition for the benefit of consumers by preventing monopolies, cartels, and other forms of market dominance that can lead to price fixing and reduced innovation.

Market Power

The ability of a company or entity to control prices or exclude competition within a particular market.

Price-Fixing Agreement

An arrangement between competitors to set prices at a certain level, rather than allowing them to be determined by natural market forces, often considered illegal.

Per Se Violation

An act that is considered illegal in itself, without needing to prove harm or malicious intent, usually in antitrust law.