Wal-Mart Built the Base of Its Retailing Market Power in Small

question 28

Multiple Choice

Wal-Mart built the base of its retailing market power in small cities and towns. In most of those towns, the size of marketplace is so small that only one large retailer can successfully exist. This is known as:

• A) adverse selection.
• B) first-mover advantage.
• C) secure strategy.
• D) extension form.

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Definitions:

Double Jeopardy

is a legal principle that prevents an individual from being tried twice for the same crime on the same set of facts.

Same Crime

A principle indicating the prosecution or judgment of an individual for a specific criminal offense without being tried or punished for the same offense more than once.

Government

The organization, or group of persons, governing an organized community, often a state or a nation.

Fighting Words

Speech intended to incite violence or likely to provoke an immediate violent reaction from the person to whom they are directed.