1.2. Suppose there are two competing companies in an industry that has a network externality. Explain why...

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1.2. Suppose there are two competing companies in an industry that has a network externality.

Explain why it is likely that the company able to sustain the largest initial losses will eventually dominate the market.

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Economics

ISBN: 978-0716771586

2nd Edition

Authors: Paul Krugman ,Robin Wells

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