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Question
In the 1980s and 1990s, Neon Corp. was the most successful firm in the television market. The firm believed that its competitors would never be able to produce televisions comparable to its quality and cost. As a result, it was unable to respond to the new generations of television with which its Japanese competitors had begun to infiltrate the market. Eventually, Neon lost its market leadership to its competitors. This scenario most clearly exemplifies the _____.A. Giffen effect
B. Hawthorne effect
C. Idiosyncrasy Credit
D. Icarus Paradox
Answer
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