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:

Card-check Agreements

A method for workers to organize into a union wherein if a majority of employees sign authorization cards expressing their wish to unionize, the employer may recognize the union without a formal election.

NLRB

Stands for the National Labor Relations Board, a U.S. federal agency overseeing labor law enforcement, particularly concerning collective bargaining and unfair labor practices.

Employer

An individual or organization that hires and compensates employees for their labor and services, assuming the responsibilities of providing work, overseeing tasks, and ensuring a safe working environment.

Reinstatement

The act of restoring someone or something to their former position, status, or condition.