The Term "Path Dependence" Refers to

question 35

Multiple Choice

The term "path dependence" refers to

• A) inefficient outcomes that result from early technology choices that are not optimal in the long run.
• B) the tendency for competitive markets to become monopolistic in the long run.
• C) inefficient outcomes that result from negative externalities.
• D) the natural growth of monopoly when economies of scale exist in a market.

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Definitions:

Diaphragm

A large, dome-shaped muscle located at the base of the lungs, playing a crucial role in breathing by contracting and relaxing to allow air in and out of the lungs.

Thoracic Cavity

The part of the body known as the chest cavity, which houses the lungs, heart, and other vital organs.

Vitamin D

A fat-soluble vitamin that is essential for maintaining the health of bones and teeth and supports the immune system, often obtained through sunlight exposure or dietary sources.