Explain why network effects can cause the demand for a product either to expand or to contract

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Explain why network effects can cause the demand for a product either to expand or to contract relative to what it would be if there were no network effects.

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:52 PM

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Explain why network effects can cause the demand for a product either to expand or to contract

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Consumers are influenced by other people to buy go...View the full answer

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