Network Externalities Arise NOT Just When Users Are Linked on a Network

question 66

Multiple Choice

Network externalities arise NOT just when users are linked on a network but also when

• A)much value is gained from compatibility with associated ancillary products and services.
• B)downstream costs of switching from a failed alternative candidate standard are high.
• C)there are clear price and availability advantages to buying the market leader's product.
• D)all of the above.

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Definitions:

Language-Processing Speed

The rate at which an individual can understand and respond to language inputs.

Cognition

Cognition encompasses mental processes related to knowledge, understanding, problem-solving, and decision-making.

Acquiring Knowledge

The process of learning or gaining information, skills, or understanding through experience, education, or instruction.

Mental Processes

Internal operations of the mind, including thinking, perceiving, remembering, and decision-making, that underlie behaviors.