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List Three Examples of Products for Which There Are Significant

question 5

Essay

List three examples of products for which there are significant network externalities.Explain why you believe network externalities are present in each case.


Definitions:

Chunking

A cognitive strategy for improving memory by organizing information into manageable and meaningful groups or units.

Saccadic Eye Movements

Rapid, jerky movements of the eyes used in scanning the environment, reading, or looking from one point to another.

Memory Trace

An assumed change in the nervous system that reflects the impression made by a stimulus.

Paired Associates

Nonsense syllables presented in pairs in experiments that measure recall.

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