Network externalities are what cause technical standards to appear in industries where the important thing to a customer is how many other customers he is connected to.
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Q26: Network externalities lead to positive feedback, so
Q27: Why is innovation no guarantee of success
Q28: Firms innovate because
A)the human race is naturally
Q29: The connection between invention and innovation is
A)they
Q30: Firms innovate because they are seeking
A)Market share.
B)leadership
Q32: An innovation diffuses
A)mainly on the supply side.
B)by
Q33: The chief examples of property rights concerning
Q34: If a strong system of appropriability exists,
Q35: The most important standards in technology industries
Q36: In the past decade the impact of
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