Question
Illustrate what network externalities are why technology lock-ins can arise in markets characterised by network externalities. If the majority of potential consumers consider a new
Illustrate what network externalities are
why technology lock-ins can arise in markets characterised by network externalities.
If the majority of potential consumers consider a new technology superior to an existing one, under what circumstances will the superior technology not be adopted? Under which conditions can the market exhibit excess momentum?
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Principles Of Microeconomics 2e By OpenStax
Authors: OpenStax
2nd Edition
1947172344, 978-1947172340
