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How effective are intelligence tests at predicting vocational success?
Systems Competition
A form of competition that occurs not just between individual products or services, but between entire systems or platforms.
Network Externalities
The effect that one user of a product or service has on the value of that product to other people, often positive, where the value increases as more people use it.
Profit-maximizing
The process or strategy of adjusting production and sale levels to achieve the highest possible profit.
Communications Network
A system of interconnected digital or analog devices and channels used for the purpose of exchanging information.
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