All but One of the Following Have Been Suggested by Some

question 220

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:

Expatriate

An individual who lives outside their native country, often for work reasons, embracing a new cultural environment while maintaining their original nationality.

Global Leadership

The ability to influence and guide individuals, teams, or organizations across cultural and geographic boundaries, often involving diverse and complex global issues.

Customer-Facing

Pertains to activities, roles, or functions in a business that involve direct interaction with the customers.

Corporate Vision

Understanding the company’s overarching objectives and helping individuals stay focused on these objectives.