1. What is path dependence? Explain the concept using your own words and provide an example of path dependence (other than what we have already mentioned in class).
2. List the 4 categories of innovation, the dimensions used for the categorization, and how each of the innovations fit into each of the categories.

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Path Dependence Path dependence refers to a concept where the outcome of a situation or the development of a system is influenced by its historical tr... View the full answer