1. What is path dependence and increasing returns (in your own words)? What are

1. What is path dependence and increasing returns (in your own words)? What are the implications of these phenomena?
2. Identify the 4 features of increasing returns (of technology) cited in the article. Are there any other features that we might could add?
3. Identify 2-3 social processes / political or economic outcomes that demonstrate path dependence and increasing returns that are not stated in the text. State why they do. (Scanning the rest of the article may be helpful).
Respond to at least one classmate and let’s aim to refine our understanding of path dependency and increasing returns by Monday.

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