Network goods are always sold by the firm with the "best" product.

Name: Network goods are always sold by the firm with the "best" product.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In network goods markets, the "best" product is not always the one that is sold by the dominant firm. Other factors such as network effects, compatibility, and lock-in effects can influence the market outcomes. Therefore, it is not always true that the firm with the "best" product will be the one selling network goods.

Network Goods Are Always Sold by the Firm with the "Best