The IPod Is a Product Without Any Significant Network Externalities

question 12

True/False

The iPod is a product without any significant network externalities.

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Definitions:

Creditor Beneficiary

A person or entity that benefits from a contract made between two other parties, particularly where one party promises to pay a debt owed to the beneficiary.

Breach Of Contract

An instance wherein one party fails to fulfill their obligations under a contract.

Credit

The provision of resources (such as money) by one party to another where the second party does not reimburse the first party immediately but promises to repay those resources at a future date.

Third Person

An individual or entity not directly involved in a contract or legal agreement but who may be affected by it or have rights pertaining to it.