The story of QWERTY is about:
A) how an inferior product can become the "locked-in" standard simply because it was first to market.
B) how network goods are noncontestable.
C) the absence of a Nash equilibrium when there are large fixed costs to entry.
D) the creation of monopoly power through the use of loyalty programs.

Question

Quizplus · Accepted Answer

The story of QWERTY is about how an inferior product (the QWERTY keyboard layout) became the "locked-in" standard simply because it was first to market, despite the existence of superior alternatives (such as the Dvorak Simplified Keyboard). This phenomenon is sometimes referred to as the "path dependence" of technological standards.

The Story of QWERTY Is About