A Diffusion Process That Follows an S-Shape Curve Indicates That

question 22

Multiple Choice

A diffusion process that follows an S-shape curve indicates that the innovation

• A)first spread slowly,then more rapidly until saturation occurred.
• B)first had few adopters,then underwent an explosive pattern of growth.
• C)was first adopted by people in large cities,then by those in lower-order centers.
• D)was adopted in numbers corresponding to the population density.

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Definitions:

Oligopolistic Industries

Oligopolistic industries are characterized by a market structure in which a small number of firms have large control over market share, leading to limited competition and significant influence over prices and products.

Dominant Firms

Companies that hold a large market share within their industry, influencing market conditions and prices.

Entry Barriers

Obstacles that prevent or hinder potential competitors from entering a market or industry.

Substantial Entry

A significant entry of new firms into a market, often leading to increased competition and affecting market dynamics.