Government regulation can make a technology the dominant design.

Question

Quizplus · Accepted Answer

Government regulations can impose certain standards, requirements, or restrictions on technologies. This can create barriers to entry for new competitors and limit the range of options available to consumers, effectively making a particular technology the dominant design in the market. Examples include regulations mandating the use of certain safety features in cars or requiring the adoption of specific emission standards in power plants.

Government Regulation Can Make a Technology the Dominant Design