Which of the following is not an example of Joel Waldfogel's "Tyranny of the Market"?
A)A daily newspaper tailored to appeal to the majority of readers in an area.
B)Nike creating specialized shoes for American Indians' wider feet.
C)Pharmaceutical companies spending research and development funds on drugs for common diseases.
D)Airlines offering daily direct flights from one large city to another.

Question

Quizplus · Accepted Answer

Joel Waldfogel's "Tyranny of the Market" refers to situations where market outcomes favor the majority, often at the expense of minority preferences. Nike creating specialized shoes for American Indians' wider feet is an example of catering to a minority group, not ignoring them, thus it does not fit the concept.

Which of the Following Is Not an Example of Joel