Multiple Select Question

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Identify the true statements about technological innovation.

All innovations require complementary goods, and almost all firms have the resources and capabilities to develop both a good and its complements.

If the value of an innovation hinges critically on the availability and quality of complementary goods, then the state of complementary goods decides the likelihood of successful entry.

The degree to which a technology represents an improvement over previous technologies drastically decreases a firm's likelihood of successful early entry.

A technology gains customer acceptance rapidly when it makes a dramatic improvement over previous generations or different technologies that serve similar functions.