Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 12 - Pure Monopoly - Discussion Questions - Page 275: 10


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New social media sites have to face the networking effect. After all, people want to use the sites that their friends are using. As a result, the site that most people are using will gain many users while the sites that many people are not using will not gain very many users.
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