Technological lock-in:
A. is no longer possible because of the development of network externalities.
B. occurs when standardization on a technology blocks the adoption of more efficient technologies.
C. occurs when network externalities are absent.
D. increases the efficiency with which technology is used.
Answer: B
You might also like to view...
The short-run aggregate supply curve (in the absence of misperceptions)
A) is vertical. B) slopes upward. C) is horizontal. D) slopes downward.
When Sue received a promotion at work, her income rose by 50%. The income elasticity of demand for steak was found to be 1.5. For her, steak is a(n) ___________
Fill in the blank(s) with the appropriate word(s).
America's largest trading partner is
A) Canada. B) Japan. C) Mexico. D) European Union. E) none of the above
The Ricardian equivalence proposition states that an increase in the deficit causes
A) consumption to decrease. B) savings to decrease. C) investment to decrease. D) all of the above E) none of the above