On October 1, 2013, Healthcare

question 3

Multiple Choice

On October 1, 2013, Healthcare.gov was rolled out as planned; on October 4, 2013, President Obama publicly attributed the problems with Healthcare.gov to _______.

• A)bad selection of IT contractors
• B)flawed design
• C)overwhelming volume of attempted enrollments
• D)poor testing

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Definitions:

Fast-Second Strategies

A business approach where companies quickly follow pioneers in a new market or technology, leveraging the groundwork laid by the first movers.

Dominant Firms

Refers to companies that have a major share of the market and significant influence over the prices and availability of products or services.

Start-Up Firms

Newly established businesses often characterized by innovation, scalability, and high growth potential.

Marginal Utility

The additional satisfaction or utility gained from consuming one more unit of a good or service.