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2 weeks ago
A network effect arises whenever

• firms in an oligopolistic industry engage in a zero-sum game.

• a consumer's willingness to purchase a good or service is influenced by how many others also buy or have bought the item.

• firms in an oligopolistic industry engage in limit pricing.

• a producer's willingness to produce a good or service is influenced by how many other firms also produce or have produced the item.
Source  Download
Economics Today: The Micro View
Edition: 19th
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a consumer's willingness to purchase a good or service is influenced by how many others also buy or have bought the item.
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