IMG_0003_NEW_0017 - (smartphones Md applications o In such...

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Network externalities o Some high tech industries are characterized by netrl'ork externafitieswhich exist when the value of a good to one user depends on the number of other users because of: . Connectivity (fdes, telephones, internet,ATMS) . Compatibility (cameru md film, railmy gauges)
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Unformatted text preview: . Complementaryproducts (smartphones Md applications) o In such markets positive feedbac* can result in a "winner take all" outcome. o A type of demand-based natural monopoly can result....
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This note was uploaded on 12/29/2011 for the course ECON 6 taught by Professor Dianne during the Fall '10 term at Simon Fraser.

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