Multiple Choice
Microsoft Word is the most widely used word-processing program. Which of the following explanations for its popularity uses the lock-in hypothesis?
A) Build a better mousetrap and the world beats a path to your door. MS Word is the better mousetrap.
B) Because MS Word is the standard in business, it is difficult to use other word processing programs and share documents.
C) MS Word is priced below other competing programs; Microsoft can afford to price it low because it sells so many copies.
D) Although MS Word is not the cheapest word processor, its ratio of features to price is better than the competitors.
Correct Answer:

Verified
Correct Answer:
Verified
Q56: Adam Smith stressed specialization and division of
Q57: The rule of 72 implies that a
Q58: One of the predictions of the Classical
Q59: According to Malthus, a fixed quantity of
Q60: The rule of 72 implies that a
Q62: The law of diminishing marginal productivity implies
Q63: Per capita growth:<br>A)occurs only when the population
Q64: If per capita output increases by 5
Q65: Suppose Botswana doubles its income in 6
Q66: Why is private property a source of