Network Externalities Are What Cause Technical Standards to Appear in Industries

question 25

True/False

Network externalities are what cause technical standards to appear in industries where the important thing to a customer is how many other customers he is connected to.

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Definitions:

Phototropic Response

A growth movement by a plant part in response to a light stimulus, typically towards the source of light to maximize photosynthesis.

Phototropic Response

The growth movement or orientation of a plant in response to light direction.

Wavelength

The distance between two consecutive peaks or troughs in a wave, typically used in the context of electromagnetic spectra.

Apical Dominance

The phenomenon where the main, central stem of the plant is dominant over (grows more strongly than) other side stems.