When is a good path dependent?
A)When consumers get utility from consuming goods that others are consuming, such as restaurants.
B)When the first technology that was adopted has an advantage over a better technology that came later.
C)When people who move location follow the path of people who moved before them.
D)When it can only be used in one way.

Question

Quizplus · Accepted Answer

A good path is considered dependent when the first technology that was adopted has an advantage over a better technology that came later, often due to established networks, user base, or compatibility issues, making it difficult for superior technologies to gain market share.

When Is a Good Path Dependent