The typical S-curve pattern of innovation indicates that both early and late in the technology cycle,increased effort-that is,money,research and development,etc.-brings only small improvements in technological performance.

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This statement is true. The S-curve pattern of innovation shows that in the early stages of technology development, significant improvements in performance can be achieved with relatively small investments of effort, but as the technology approaches maturity, additional investments yield diminishing returns.

The Typical S-Curve Pattern of Innovation Indicates That Both Early