A lock-in effect the costs of switching from one network good to another network good. Which of the following is true about innovation in network monopolies? High switching costs may lead to less innovation in network monopolies. The effect of market shares on innovation in network monopolies is not clear. The network monopoly with a larger market share will be the major innovator.
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A lock-in effect the costs of switching from one network good to another network good. Which of the...
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