Discuss the concept of path dependence as it relates to the selection and implementation of technology or a product. What is the importance for economic theory if path dependence/creation plays a role in technology implementation?
Discuss the concept of path dependence as it relates to the selection and implementation of technology or a product. What is the importance for economic theory if path dependence/creation plays a role in technology implementation?
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 3SQ
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Discuss the concept of path dependence as it relates to the selection and implementation of technology or a product. What is the importance for economic theory if path dependence/creation plays a role in technology implementation?
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