What type of externality is present in social networking platforms, or SNPs? Explain why Friendster and Facebook,

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What type of externality is present in social networking platforms, or SNPs? Explain why Friendster and Facebook, two SNPs that were direct competitors, were unlikely to both survive. Explain why the loser, Friendster, declined so quickly.

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Economics

ISBN: 9781319181949

5th Edition

Authors: Paul Krugman, Robin Wells

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