An Example of a Continuous Innovation Is

question 1

Multiple Choice

An example of a continuous innovation is:

• A) radial keratotomy.
• B) multigrain bread.
• C) smartphones.
• D) camcorders.

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Definitions:

Socially Desirable

Refers to actions or policies that are considered beneficial to the wider community or society as a whole.

Payoff Matrix

A table that shows the potential outcomes (or payoffs) for different actions taken by players in a strategic game, outlining the results for each combination of choices.

Dominant Strategy

A strategy in game theory that results in the best outcome for a player, regardless of the strategies chosen by other players.

Alpha and Beta

Measures used in finance: Alpha indicates the performance of an investment relative to a benchmark, whereas Beta measures the volatility of an investment relative to the market.