Among Industries Based Upon Digital Technologies,the Presence of Network Externalities

question 6

True/False

Among industries based upon digital technologies,the presence of network externalities is critical in determining whether the industry tends towards monopoly or fragmentation.

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Definitions:

Synergy

Synergy refers to the increased effectiveness or improved results achieved when two or more elements (such as individuals, organizations, or systems) work together compared to working independently.

Values

One’s moral code of conduct toward others: created through integrity, trust, and character.

Core Principles

Fundamental beliefs or guidelines that provide a foundational basis for a system, process, or approach.

Professionalism

The conduct, behavior, and attitude deemed appropriate for someone engaged in a profession or occupation.