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.

---

Definitions:

Multidimensional Models

Theoretical frameworks suggesting that complex phenomena, including psychological constructs, are comprised of multiple interrelated elements or dimensions.

Stage Models

A theoretical approach that describes human development, behavior, or processes in distinct phases, each with its own set of characteristics.

Primary Prevention

An attempt to forestall the development of problems by promoting health and wellness in the general population through group-oriented interventions.

Health And Wellness

A holistic approach to living that encompasses physical, mental, and emotional well-being, often involving behaviors that promote health.