Technical Standards Have the Most Dramatic Effect in Markets Exhibiting

question 51

True/False

Technical standards have the most dramatic effect in markets exhibiting network effects - that is, users not adopting the standard risk isolation.

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Definitions:

Free Blacks

Individuals of African descent who were legally free from slavery, significantly impacting societies and economies, especially in pre-Civil War America.

Free Soil Party

A political party active in the 1840s and 1850s in the United States, which opposed the expansion of slavery into the western territories.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to work without remuneration.