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When a Technological Change Takes Place in an Industry, Why

question 48

Essay

When a technological change takes place in an industry, why do firms react differently?


Definitions:

Political Science

The examination of political structures, the functioning of governments, and the conduct related to politics.

Class

A set or category of things having some property or attribute in common and differentiated from others by kind, type, or quality.

Blood Pressure

The force exerted by circulating blood on the walls of the body's arteries, typically measured in millimeters of mercury (mmHg).

Conditional Distribution

The distribution of a random variable subject to the fulfillment of a certain condition or set of conditions.

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