Important features of network markets include:
A)history matters in product design.
B)they are "tippy."
C)they lead to a fascinating array of business strategies.
D)All of the above.

Question

Quizplus · Accepted Answer

All of the choices mentioned are important features of network markets. "History matters in product design" because previous interactions between users and the technology can inform future product design. Network markets also tend to be "tippy," meaning that once a certain critical mass of users is reached, the network grows more rapidly and becomes dominant. This characteristic can lead to a variety of business strategies, such as focusing on acquiring users or creating complementary goods that promote network growth.

Important Features of Network Markets Include