As Product Adopters, Members of the Early Majority

question 244

Multiple Choice

As product adopters, members of the early majority

• A)have a fear of debt and use neighbors and friends as information sources.
• B)are skeptical and have below average social status.
• C)are deliberate and use many informal social contacts.
• D)are leaders in social settings and have a slightly above average education.
• E)are venturesome, highly educated, and use multiple information sources.

---

Definitions:

Simultaneous Game

A type of game in game theory where participants make decisions or select strategies at the same time without knowledge of the others’ choices, exemplified by the Prisoner’s Dilemma.

Shoplifter

An individual who steals merchandise from a retail store.

Best Response

A strategy that yields the highest payoff for a player given the strategies chosen by other players in a strategic interaction or game.

Simultaneous Game

A type of game in game theory where all players make their decisions or choose their strategies at the same time.