Network Externalities Are Critical Phenomena Because

question 37

Multiple Choice

Network externalities are critical phenomena because:

• A)They create a positive feedback loop that leads to a winner-takes-all situation
• B)They create a winner-takes-all situation which is unfair from a competition standpoint
• C)Technological innovations tend to be resilient
• D)Governments are more and more concerned about firms' corporate citizenship

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Definitions:

Divergent Thinking

A mode of thinking that encourages creative exploration of many possible solutions to a problem.

Crystallized Intelligence

Crystallized intelligence is the ability to use learned knowledge and experience.

Chemical Symbols

shorthand notations used to represent chemical elements (e.g., H for Hydrogen, O for Oxygen) based on the periodic table.

Practical Intelligence

The intellectual skills used in everyday problem solving. (Sometimes called tacit intelligence.)