A Good Is Path Dependent When

question 173

Multiple Choice

A good is path dependent when

• A)consumers get utility from consuming goods that others are consuming, such as restaurants.
• B)the first technology that was adopted has an advantage over a better technology that came later.
• C)people who move location follow the path of people who moved before them.
• D)it can only be used in one way.

---

Definitions:

Background

The part of a work's setting or context that provides relevant information about the environment or circumstances behind the main action or subject.

Foreground

The front part of a visual interface, usually containing elements with which a user directly interacts, as opposed to the background.

Methods

Blocks of code that perform specific tasks and can be called upon by name to execute those tasks within a program.

Init Method

Refers to an initialization method, typically used to set up or prepare initial states for objects or variables in programming.