Question

Technological lock-in_____________.

A.occurs when network externalities are absent.
B.increases the efficiency with which technology is used.
C.is no longer possible because of the development of network externalities.
D. occurs when standardization on a technology blocks the adoption of more efficient technologies.

Answer 1

The correct answer is letter "D": occurs when standardization on a technology blocks the adoption of more efficient technologies.

Step-by-step explanation:

Technological lock-in refers to a state in which a given economic activity is tied to certain technology because it is considered to be the standard in such a field. Better technologies could be implemented but they are not adopted because of the lock-in of the existing, widely accepted technology.

There is no regulation over technological lock-ins neither an agency ruling this practice.