If a company is able to lock in its technology as the dominant design of the market,it
A) has a higher learning curve than other companies.
B) usually gains huge financial rewards.
C) only benefits immediately, but cannot influence the evolution of the market.
D) will suffer due to near-monopoly rents it must pay.

Question

Quizplus · Accepted Answer

When a company is able to lock in its technology as the dominant design of the market, it usually gains huge financial rewards. This is because it becomes the go-to option for customers and competitors have a harder time competing. This can lead to market dominance and significant profits for the company.

If a Company Is Able to Lock in Its Technology