Dominant Designs Emerge Because They Solve a Practical Problem,as a Result

question 47

True/False

Dominant designs emerge because they solve a practical problem,as a result of the negotiations of independent standards bodies or because of critical mass.

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Definitions:

Fee Increase

An adjustment that results in the rise of charges or fees for services or goods.

Social Discount Rate

The rate used to convert future costs and benefits to their present value in order to make decisions regarding public projects.

NPV Calculations

The process of determining the net present value of cash flows by discounting them to the present value using a specific rate.

Carbon Tax

A tax imposed on carbon dioxide emissions, designed to reduce the use of fossil fuels and lower greenhouse gas emissions.