- What is a network effect?
- Monopoly provision of a network service
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Characteristics of the network industry
- Critical mass
- Sub-optimal network size
- Competing technology standards
- Public policy concern: technology lock-in
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Examples of path dependency
- Betamax vs VHs
- Qwerty keyboard
- Sony's blue-ray vs Toshiba's HD DVD
- Critical evaluation of technology lock-in