Question

what is superior​ technology? Robotics ? or any New invention? science world

Answer 1

Hii Friend,

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Here is ur ans,

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The most oft-cited examples of "superior" technology losing out in the marketplace are Betamax, Macintosh, and the Dvorak keyboard. The economic explanation for this triumvirate is the theory of path dependence, the keystone of "increasing return economics." The theory is that in the high-tech world, as opposed to other manufacturing industries, a company's profit margin often increases with each additional customer. Increasing return economics claims that because of a putative size advantage, the early market leader will be able to crush late arrivals by slashing prices, running aggressive ad campaigns, throwing its weight around with suppliers and partners, and so on. This leads to path dependence, because although the late arrivals may have better products, they won't stand a chance in the market. The veracity of path dependence theory has great relevance to us as programmers, as it is likely to affect our choices regarding the APIs, programming languages, and operating systems that we work with.

Hope it will help u.

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