Examlex
Which of the following best describes a category of new product that already exists but the firm is just entering it?
Utilitarian Justice
A concept in ethics focusing on the greatest good for the greatest number of people as the criterion of justice.
Rawlsian Justice
A theory of justice that emphasizes fairness as the most important aspect of an ethical society, often associated with the "veil of ignorance" thought experiment.
Risk Averse
A term describing individuals or entities that prefer to avoid risks, often opting for the option with the most predictable outcome.
Medicaid
A government healthcare program providing medical assistance to low-income individuals and families.
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