Which of the Following Is a Liability of Newness

question 62

Multiple Choice

Which of the following is a liability of newness?

• A)Costs associated with learning new tasks are high.
• B)Lack of established routines and processes give the venture a new slate.
• C)Communication in informal systems is increased.
• D)Market for potential consumers is limiteD.

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Definitions:

Oligopoly

A market structure characterized by a small number of firms whose control over the market is significant enough to influence prices and other market factors.

Cournot Duopoly

A market structure where two firms compete with each other by choosing quantities to produce independently.

Perfect Competition

A market structure characterized by many buyers and sellers, identical products, no barriers to entry or exit, and perfect information.

Monopolistic Competition

A market structure where many firms sell products that are similar but not identical, leading to competition based on price, quality, and marketing.