An r&d program by one firm cannot replicate a successful technology developed by another firm. this is an example of Path dependency.
What is the meaning of path dependency?
Path dependence is the propensity for institutions or technologies to stick with a particular course of development as a result of their structural characteristics or their core values.
What are some examples of path dependence?
- Path dependency can also be the result of an unwillingness or inability to commit to change due to the costs involved.
- A town centered on a factory is a prime illustration of path dependence.
- For a variety of reasons, it is ideal for a factory to be situated away from residential areas.
What is path dependent risk?
Path-dependent risks occur when choosing the incorrect course would result in significant time, financial, or both losses.
Learn more about Path dependency
brainly.com/question/13573259
#SPJ4
Answer:
→Name Inventions
1)Sir Issac Newton-Laws of motion, Reflecting telescope
2)Michael Faraday-Dynamo
3)Louis Pasture- The germ theory of disease
4)Galileo- Water thermometer
5)Benjamin Franklin- Lightening rod
Explanation:
The answer is<u> "b. several million".</u>
Pleistocene is the period in the history of Earth that we usually allude to as the Ice Age. Through quite a bit of this period, the Earth's northern and southern locales were secured by kilometer thick icy masses. Recognize that the Pleistocene was a progression of genuine ice ages, isolated by generally short interglacial periods. The Pleistocene began 2.6 million years back and kept going until the end of the Weichsel glaciation around 11,711 years prior.
