Technical standards have the most dramatic effect in markets exhibiting network effects - that is, users not adopting the standard risk isolation.

Question

Quizplus · Accepted Answer

This statement is true. Technical standards can have a significant impact in markets where network effects are present. In these markets, users may choose not to adopt a particular standard, which can lead to isolation from the network and reduce the benefits of network effects. Therefore, the adoption of technical standards can be critical for the development and success of such markets.

Technical Standards Have the Most Dramatic Effect in Markets Exhibiting