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Do network effects help or hurt innovation? Why? If you were competing in a market where network effects exist, what strategies would be available for you succeed?

Sagot :

Network effects are sometimes criticized as harming innovation by companies that use them to gain market domination.

Why do you use the word "market"?

The market refers to all sellers and customers in the area or region that is being studied. The topic could include Earth as well as a number of other countries, areas, states, and cities. The forces of supply and demand in the market determine the value, expense, or cost of the items sold.

What kind of market is there?

A market is a setting where a number of individuals exchange products, services, and information. A market is ideally a place where a group of individuals can do business. the two participants

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