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How can network effects lead the industry to become an oligopoly?

Sagot :

gothicanime2020

Answer:

We analyze oligopolistic competition in a multi-period dynamic setting for goods with network effects. Two or more infinitely-lived firms produce incompatible products differentiated in their inherent quality. Consumers live for a single period and receive the network effect of the previous period’ s sales.

Explanation: I did my own research

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