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.

Evaluate the credibility and bias of scientific reports and news media.

Understand media literacy and its importance in critically analyzing and utilizing media.

Grasp the demographic trends in media consumption and awareness.

Acknowledge the prevalence and consequences of plagiarism in academic and media contexts.

---

Definitions:

UPA

The Uniform Partnership Act, a law in the United States that provides a basic framework for the operation of partnerships.

Full Capacity

The maximum level of output that a company can sustain to make a product or provide a service under normal circumstances.

Natural Person

An individual human being, as opposed to a legal entity such as a corporation or government.

Judicial Lien

A legal claim or hold on a debtor's property, granted by a court judgment, to ensure the payment of a debt or obligation.