Answer every question with minimum of 300 words. Please provide references after each answer.
1. List three advantages and disadvantages of technological innovation. Using what you learned from the assigned readings and your own research and experience, discuss specific reasons why many innovation projects fail to generate an economic return.
2.For each category of innovator below, provide one advantage and one disadvantage.
Individuals as innovators
Firms as innovators
Universities as innovators
Government institutions as innovators
3. Explain why both technology improvement and technology diffusion exhibit s-shaped curves. Provide examples to illustrate your explanation.
4.Conduct research to find examples of industries (not noted in the textbook chapter) that demonstrate increasing returns to adoption. Provide a link to a journal article to support the examples.