'Path dependency' determines the extent that an asset can be imitated. What is the meaning of 'path dependency' in this context?
A) The physical uniqueness of an asset
B) The extent to which an asset can be patented or copyrighted
C) The cumulative learning and experience that is built up over time
D) The inability to ascertain the important elements of a complex asset

Question

Quizplus · Accepted Answer

Path dependency refers to the idea that the value or uniqueness of an asset is derived from the cumulative learning, experience, and historical development that has occurred over time, making it difficult to replicate.

'Path Dependency' Determines the Extent That an Asset Can Be