Consider developments in the computing industry. Old leading firms rely on using large computers, called mainframes, to serve their commercial customers. Because of the increased capability of personal computers, new firms in the industry can use personal computers or small workstations to provide the same services as the leading firms but at lower average costs. Describe the impact of these new arrivals on the computing industry in the short run and in the long run.

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The Answer of Consider developments in the computing industry. Old leading firms rely on using large computers, called mainframes, to serve their commercial customers. Because of the increased capability of personal computers, new firms in the industry can use personal computers or small workstations to provide the same services as the leading firms but at lower average costs. Describe the impact of these new arrivals on the computing industry in the short run and in the long run.

Consider Developments in the Computing Industry