Achieving an industry standard for a network good generally leads to
A) a reduction in monopoly power in the industry.
B) a reduction in wasteful spending on marketing.
C) productivity gains and greater cost reductions.
D) market dominance for the firm "owning" the network.

Question

Quizplus · Accepted Answer

Achieving an industry standard for a network good often leads to market dominance for the firm that owns or controls the network, as it can leverage the standard to lock in users and create barriers to entry for competitors.

Achieving an Industry Standard for a Network Good Generally Leads