The technological lock-in argument suggests that:
A) it is inefficient to try and adapt to new technology.
B) more efficient technologies always immediately replace less efficient technologies.
C) many of our institutions and technologies may be inefficient but are ingrained regardless.
D) existing institutions and technologies are always the most efficient.

Question

Quizplus · Accepted Answer

Technological lock-in refers to the situation where certain technologies or institutions become entrenched and persist despite potentially being inefficient, due to factors like high switching costs, established standards, or network effects.

The Technological Lock-In Argument Suggests That