The Story of QWERTY Is About

question 87

Multiple Choice

The story of QWERTY is about:

• A) how an inferior product can become the "locked-in" standard simply because it was first to market.
• B) how network goods are noncontestable.
• C) the absence of a Nash equilibrium when there are large fixed costs to entry.
• D) the creation of monopoly power through the use of loyalty programs.

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Definitions:

Triploid

An organism or cell having three sets of chromosomes, which is uncommon in most species and often leads to developmental abnormalities.

Angiosperm Seed

The reproductive unit of flowering plants, consisting of an embryo, nutritive tissue, and a protective outer coat.

Endosperm

A tissue in seed plants formed by the union of a sperm with two polar nuclei during fertilization, providing nutrition to the developing embryo.

Seed Coat

The outer protective layer of a seed that shields the embryonic plant from damage and disease.