Technical standards create benefits primarily for those firms that do not adhere to them.

Question

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Technical standards can create uniformity and level the playing field for all firms adhering to them. Adhering to standards can also ensure the interoperability and compatibility of products and services, making it easier for firms to collaborate and create new products. Non-adherence to standards can result in reduced market access and greater costs to develop and maintain products or services that are not compatible with the standard, leading to a competitive disadvantage.

Technical Standards Create Benefits Primarily for Those Firms That Do