Laser disc players have been around for 10 years, but in the last several years, the sales have skyrocketed. Manufacturers attribute the increase in sales to lower prices, increased availability of movies on laser disk, and the appearance of laser disks for rent in video cassette rental stores. Describe this market using the concept of network externalities.

Question

Quizplus · Accepted Answer

The Answer of Laser disc players have been around for 10 years, but in the last several years, the sales have skyrocketed. Manufacturers attribute the increase in sales to lower prices, increased availability of movies on laser disk, and the appearance of laser disks for rent in video cassette rental stores. Describe this market using the concept of network externalities.

Laser Disc Players Have Been Around for 10 Years, but in the Last