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Why do companies compete to set technical standards? a. They reduce confusion in the minds of consumers. b. They help companies to establish a monopoly
Why do companies compete to set technical standards? a. They reduce confusion in the minds of consumers. b. They help companies to establish a monopoly in the market. c. They ensure compatibility between products and their complements. d. They increase the value of owning a product as the network of compatible products grows. e. They reduce production costs and increase profitability
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