According to Everett Rogers, Who Among the Following Are Usually

question 2

Multiple Choice

According to Everett Rogers, who among the following are usually the first in their social grouping to adopt new approaches and behaviors?

• A) Late majority
• B) Early majority
• C) Laggards
• D) Innovators

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers.

Economic Profits

The surplus remaining after deducting both the explicit and implicit costs from a firm's total revenues.

Monopolistically Competitive Firm

A company that operates in a market with many competitors, each offering a differentiated product, allowing for some degree of price control.