The Market for Tablet Computers Has Grown Rapidly Over the Past

question 142

Multiple Choice

The market for tablet computers has grown rapidly over the past few years,due in part to the overwhelming success of the Apple iPad.Following the successful launch of the iPad in 2010,companies such as Toshiba,Samsung,Dell,and Amazon have all introduced products to compete with the iPad.The tablet computers introduced to compete with the iPad would be considered

• A) complements to the iPad.
• B) substitutes for the iPad.
• C) inferior goods compared to the iPad.
• D) normal goods compared to the iPad.

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Definitions:

Lockout

A tactic used by employers to pressurize workers during labor disputes by temporarily closing the business and denying the workers entry.

Security Guards

Individuals employed to protect property, assets, or people, often employed by private companies, government institutions, or individuals.

Bargain Hard

The practice of negotiating forcefully or assertively to achieve favorable terms.

Nash Equilibrium

A principle in game theory stating that there is no advantage for any player to alter their strategy if all other participants maintain their current strategies.