Standards Wars Are a Common Issue with Network Goods, and They

question 213

Multiple Choice

Standards wars are a common issue with network goods, and they occur because

• A) they lead to network compatibility, allowing competing standards to coexist in a market by ensuring that the media can be used on competing formats.
• B) they lead to network compatibility, allowing competing standards to split the market into geographical segments.
• C) firms spend money to achieve productivity gains and cost reductions.
• D) firms tend to compete vigorously to become the industry standard, thereby "owning" the network.

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