In a Market Undergoing Technological Change,firms That

question 83

Multiple Choice

In a market undergoing technological change,firms that

• A) adopt the new technology temporarily incur an economic loss.
• B) adopt the new technology temporarily make an economic profit.
• C) do not adopt the new technology temporarily make an economic profit.
• D) do not adopt the new technology increase their market share.
• E) do not adopt the new technology continue to make a normal profit.

---

Definitions:

Shared Behaviors

Behaviors exhibited by a group that are common and consistent among its members, often fostered through culture or norms.

Norms

Societal, group, or organizational standards of behavior that are considered acceptable and typical.

Values

are deeply held beliefs or standards that influence behavior and decision-making, serving as fundamental principles guiding an individual's or organization's actions.

Visible

Able to be seen; perceptible to the eye.