Increasing returns to adoption imply that technology trajectories are characterized by _____,meaning that relatively small historical events may have a great impact on the final outcome.
A) the ratchet effect
B) the funnel effect
C) corrugated anomalies
D) path dependency

Question

Quizplus · Accepted Answer

Increasing returns to adoption suggest that the more a technology is adopted, the more beneficial it becomes, leading to path dependency. This means that the technology's trajectory becomes dependent on its historical adoption path, where initial conditions or small historical events can significantly influence the long-term outcome.

Increasing Returns to Adoption Imply That Technology Trajectories Are Characterized