Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The authors of the article point out that network effects could also work in reverse.If some people stop using some service, there could be a

The authors of the article point out that network effects could also work in reverse.If some people stop using some service, there could be a sharp drop in the numbers using it. At some point the firm providing the service might disappear.Can you think of some service, where there are network effects, that fewer people are using? Can you think of some service, where there are network effects, where you have stopped using the services of one firm and moved to another?Be specific.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Business Today

Authors: Charles W. L. Hill Dr, G. Tomas M. Hult

10th edition

1259686698, 978-1259686696

More Books

Students also viewed these Economics questions

Question

4. What means will you use to achieve these values?

Answered: 1 week ago