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Network Externalities Lead to Positive Feedback, So That Products Tend

question 31

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Network externalities lead to positive feedback, so that products tend to rapidly coalesce to an industry standard.

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Definitions:

1830s

The decade spanning from 1830 to 1839, characterized by significant events such as the beginning of the Trail of Tears and various revolutions in Europe.

Arthur Tappan

A nineteenth-century American abolitionist and philanthropist who played a significant role in the anti-slavery movement and helped establish several anti-slavery societies.

Black Church Goers

Members of the African American community who regularly attend church services, often associated with a rich tradition of spiritual and community support within Black churches.

Christianity

A monotheistic religion based on the life and teachings of Jesus Christ, emphasizing love, redemption, and the concept of salvation.

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