-Why Does an Existing Less Efficient Technology Drive Out a New

question 105

Multiple Choice

-Why does an existing less efficient technology drive out a new, more efficient technology?

• A)The existing technology is a network that has become locked in.
• B)People are receptive to the new technology.
• C)The new technology is costlier to hire.
• D)The existing technology is a network that has become locked out.
• E)The government imposes taxes on the new technology.

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Definitions:

Parabolic Graphs

Graphical representations of quadratic functions that display a symmetrical, curved shape similar to an arch.

Sporting Events

Scheduled competitions in various sports where athletes participate to determine a winner.

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Triangles

Triangles are three-sided polygons characterized by three edges and three vertices; they can be classified into various types based on the length of their sides and angles.