All but One of the Following Have Been Suggested by Some

question 229

Multiple Choice

All but one of the following have been suggested by some economists as possible consequences of path dependency and switching costs.Which of the following is not a possible consequence of path dependency and switching costs?

• A)Consumers may get locked into using products with inferior technology.
• B)Market failure
• C)Diseconomies of scale
• D)Government intervention may be necessary in affected markets in order to improve economic efficiency.

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Definitions:

Multinational Company

A corporation that operates in multiple countries beyond its original or home country.

Brainstorming

A method of generating ideas by recording everything people in a group think of, without judging or evaluating the ideas.

Openers

Phrases or sentences used at the beginning of a piece of writing or speech designed to engage the audience and set the tone.

Community

A group of interacting living organisms sharing a populated environment, typically considered within a specific geographical area.