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Tidy Tidy
wrote...
Posts: 4852
8 years ago
A good is path dependent when
A) consumers get utility from consuming goods that others are consuming, such as restaurants.
B) the first technology that was adopted has an advantage over a better technology that came later.
C) people who move location follow the path of people who moved before them.
D) it can only be used in one way.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 337 times
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Chimelo46Chimelo46
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Posts: 5641
8 years ago
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8 years ago
It was nothing, thanks for updating us.
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