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Two neighboring towns each used to run a weekly farmer's market. However, over the course of several months, almost all of the local farmers have
Two neighboring towns each used to run a weekly farmer's market. However, over the course of several months, almost all of the local farmers have operated booths at only one of the markets, and the other market has shut down. What feature of a farmer's market could cause a network effect? O As more vendors open booths in one market, other vendors will want to move nearby to learn best practices from their competitors. As more consumers frequent one market, other consumers will want to go to that market in order to enjoy the crowd. As more vendors open booths in one market, consumers will be attracted to the market with more variety. Higher numbers of consumers will in turn attract more vendors. There is no network effect experienced by a farmer's market
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