Final answer:
In the early 1980s, vendors considered the differences between competing computer products to have increased importance. The current computer market suggests a shift in demand or supply, possibly due to increased supply or a rise in demand, explaining the lower prices. The impact of new technologies on firm size is still debated, with potential for both smaller and larger firm growth.
Step-by-step explanation:
In the early 1980s, significant differences between competing computer products were thought by vendors to have increased importance. The rapidly evolving technology and growing competition in the market made distinctive features more notable and essential for gaining a competitive edge. This was a time where computer technology was rapidly advancing, and companies sought to distinguish their products with unique capabilities and performance enhancements.
The computer market has indeed changed significantly since those early years. Recently, more computers have been selling at much lower prices, which is an indication that there has been a shift in demand or supply. A likely explanation for this outcome could be an increased supply of computers due to advancements in technology, greater efficiency in production, and more competition, which tends to drive prices down. Alternatively, it could also be due to a rise in demand because of lower prices and greater accessibility, which has encouraged more consumers to purchase computers.
As for the debate over the impact of new information and communications technologies on the size of firms, it remains unresolved. The argument posits that improved technology could either support the growth of small firms by expanding their reach or lead to larger firms dominating markets due to increased efficiencies and management capabilities.