When Market Liberalization Is Delayed,_____

question 9

Multiple Choice

When market liberalization is delayed,_____.

• A) first movers possess a significant advantage over later entrants.
• B) first movers possess clear, significant advantages in transitional markets.
• C) later entrants possess a significant advantage over first movers.
• D) substantial risks to premature entry are removed.

---

Definitions:

Customers

individuals or entities that purchase goods or services from a business or seller.

Repeat Business

The act of a customer returning to purchase goods or services from a business after their initial transaction.

Photograph

An image created by capturing light on a photosensitive surface such as film or a digital sensor.

Revise Their Choice

The act of reconsidering and potentially altering one's decision based on new information or reflection.