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The Emergence of Technology Has Created New Markets for Companies

question 33

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The emergence of technology has created new markets for companies.Which of the following represents an example of this new tendency?


Definitions:

Widget Manufacturer

A company or entity engaged in the production of small mechanical or electronic devices or gadgets.

Relevant Geographic Market

An area in which a company competes for business, used in assessing competitive dynamics and antitrust concerns.

Robinson-Patman Act

A U.S. law enacted in 1936 designed to prevent anticompetitive practices by prohibiting price discrimination on the sale of goods to equally situated distributors.

Price Discrimination

A pricing strategy where a seller charges different prices to different customers for the same product or service, not based on costs.

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