How Does a Network Externality Serve as a Barrier to Entry

question 121

Essay

How does a network externality serve as a barrier to entry? Is this barrier surmountable? Explain.

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Definitions:

Diversity

The inclusion and representation of different groups of people, including those of various races, ethnicities, genders, sexual orientations, abilities, and backgrounds.

Practices

refer to the repeated actions or activities engaged in by individuals or groups, often to maintain, improve, or express competence in a particular field or to follow traditions.

Deficit Perspective

A viewpoint that focuses on what individuals or communities lack in comparison to others, often overlooking their strengths and potential.

Minority Families

Families belonging to a racial, ethnic, religious, or linguistic group that is smaller in number within a larger community or country.