A Network Externality Acts as a Barrier to Entry

question 144

True/False

A network externality acts as a barrier to entry.

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Definitions:

Social Connectedness

The degree to which individuals or communities are socially close, interactive, or supportive of each other.

Mindfulness

The practice of being fully present and engaged in the moment, aware of one's thoughts and feelings without distraction or judgment.

Humanistic-Existential

A psychological approach that emphasizes individual experience and the inherent desire for self-improvement and understanding, blending principles of humanism and existentialism.

Social Upheaval

Significant, often sudden changes within a society that disrupt its structure or norms, potentially leading to conflict or transformation.