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The Term "Network Externality" Refers to a Barrier to Entry

question 53

Multiple Choice

The term "network externality" refers to a barrier to entry that exists because:

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Definitions:

Refraction

The bending of a wave, such as light or sound, as it passes from one medium to another medium of different density.

Seismic Wave

Seismic waves are waves of energy that travel through the Earth's layers, resulting from earthquakes, volcanic eruptions, and other geologic processes.

Seismograms

Records produced by seismographs that display the intensity and duration of earthquake waves, used in the study and monitoring of seismic events.

Earthquake

A sudden shaking of the ground caused by the movement of tectonic plates at faults or by volcanic activity, often resulting in damage to structures.

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