Which of the following is the most accurate justification for the view that the Internet is the most important disruptive innovation of the twentieth century?
A) The Internet created uncertainties in the market by providing a platform for online trade.
B) Switching costs have increased after the advent of the Internet as a medium of trade.
C) The Internet reduced entry barriers for newcomers and empowered buyers with more information.
D) Competition became oligopolistic with only a few companies investing in technology.

Question

Quizplus · Accepted Answer

The Internet reduced entry barriers for newcomers and empowered buyers with more information, leading to increased competition and disruption in various industries. This has been particularly evident in the retail, media, and communication sectors, among others, where traditional players have had to adapt to the changing market conditions brought about by the Internet. The other options do not adequately capture the disruptive nature of the Internet in terms of creating new opportunities and challenging established norms.

Which of the Following Is the Most Accurate Justification for the View