What is the effect of new technology on firms

Reference no: EM13205346

Identify specific examples of prominent computer hardware and software technological advances in the industry. Discuss two of the following points and apply that to your example.
What is the effect of new technology on firms in the industry in the short run?
What is the effect of new technology on firms in the industry in the long run?
What is the effect of the new technology on consumers? Does that change from the short run to the long run?
What is the effect of the new technology on the greater society in the short run and the long run?

Reference no: EM13205346

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