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.

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Definitions:

Trophy

A physical representation, often an ornamental cup or statue, awarded as a prize for achievement in a competition or event.

Pronoun

A grammatical term referring to words that substitute for nouns or noun phrases, facilitating brevity and variety in speech and writing.

Groundlings

In Elizabethan theatre, spectators who stood in the yard of the Globe Theatre, paying the least to see the performance.

Pronoun

A word used to replace a noun or noun phrase, often used to avoid repetition and to maintain smoothness in speech and writing.