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What Is a Network Externality

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What is a network externality?


Definitions:

Hazardous Products Act

Legislation that regulates the sale, advertisement, and importation of hazardous products to ensure public safety.

Strict Liability

Responsibility for loss regardless of the circumstances.

Advertised Price

The price of a product or service that is publicly promoted or communicated to potential customers.

House Brand

A product that is marketed and sold by a retailer under its own brand name, as opposed to a brand name owned by a supplier.

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