=+b. 81/2-by-11-inch paper versus 8-by-121/2-inch paper 2. Suppose there are two competing companies in an industry that
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=+b. 81/2-by-11-inch paper versus 8-by-121/2-inch paper 2. Suppose there are two competing companies in an industry that has a network externality. Explain why it is likely that the company able to sustain the largest initial losses will eventually dominate the market.
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