Multiple products can thrive in a network industry when:
A) the government decides to allow multiple products.
B) consumers don't care about coordination at all.
C) there are multiple niches to fill; each product can dominate one niche.
D) competitors all go after the same niche.

Question

Quizplus · Accepted Answer

In a network industry, there are often multiple niches or segments that each product can dominate. For example, in the social media industry, different platforms may specialize in different types of content or user demographics (e.g. Instagram for visuals, Twitter for news, LinkedIn for professional networking). As long as there are distinct niches to fill, multiple products can thrive without directly competing with one another.

Multiple Products Can Thrive in a Network Industry When