In the market for high-capacity solid-state drives (SSDs), which of the following developments is most likely to increase or sustain the monopoly power of a dominant incumbent firm?
An increase in the price elasticity of demand for SSDs due to the rapid development of cloud-storage alternatives.
The widespread adoption of open-source, non-proprietary interface standards by hardware manufacturers across the industry.
A significant decrease in the minimum efficient scale of SSD production facilities relative to total market demand.
The accumulation of steep learning-curve effects that dramatically lower the incumbent's average cost as cumulative output rises.
