Which of the Following Scenarios Describes the Benefits of Being

question 44

Multiple Choice

Which of the following scenarios describes the benefits of being a first-mover in the market?

• A) A firm that has developed a watch that requires a microchip which is still in its nascent stage.
• B) An automobile manufacturer that must undertake the task of developing radiator caps for the engines of its cars.
• C) A maker of breakfast cereals whose customers are unaffected by switching costs.
• D) A radio station that is given authority over large portion of radio spectrum.

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Definitions:

Individual Discrimination

Discrimination carried out by one person against another.

Latino Tenants

Individuals of Latin American origin or descent who rent housing or properties.

Discriminatory Practices

Actions that unjustly differentiate among people based on race, age, sex, or other protected characteristics.

Minority Group

A segment of the population distinguished by physical or cultural traits, subject to different treatment and often having less power or representation compared to the majority group.