What are network effects
Discussion:
What are "network effects"? Briefly explain the relevance they hold in an economic context. Find a recent example in the press.
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What is this, and when might you want to use it in looking at results from these tests on job related data?
Compare and contrast the two industries you have identified in terms of size, products, services, customers, economic and regulatory environment.
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Provide an example of a company that successfully uses the procurement contract life cycle and how that company has benefited from it.
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