Consider the following set of diffusion curves. Assume that every unit of wind power represents an additional adopter of the innovation. 174 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 PATRICK SÖDERHOLM AND GER KLAASSEN 1986 1988 1990 1992 1994 1996 Germany UK - Denmark Figure 2. Installed wind power capacity (MW). 1998 2000 Spain Which curve appears to have the slowest overall diffusion rate? O a. Denmark O b. Germany OCUK O d. Spain

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
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Problem 9RQ: In what ways (it) company investments in research and development create positive externalities?
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Consider the following set of diffusion curves. Assume that every unit of wind power represents an additional adopter of the innovation.
174
5000
4500
4000
3500
3000
2500
2000
1500
1000
500
0
PATRICK SÖDERHOLM AND GER KLAASSEN
1986 1988 1990 1992 1994 1996 1998 2000
Denmark Germany UK: Spain
Figure 2. Installed wind power capacity (MW).
Which curve appears to have the slowest overall diffusion rate?
O a.Denmark
O b. Germany
OCUK
O d. Spain
Transcribed Image Text:Consider the following set of diffusion curves. Assume that every unit of wind power represents an additional adopter of the innovation. 174 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 PATRICK SÖDERHOLM AND GER KLAASSEN 1986 1988 1990 1992 1994 1996 1998 2000 Denmark Germany UK: Spain Figure 2. Installed wind power capacity (MW). Which curve appears to have the slowest overall diffusion rate? O a.Denmark O b. Germany OCUK O d. Spain
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