Question: Explain how the virtuous cycle for one company can be a vicious cycle for another company. How does it create barriers to entry?
Explain how the virtuous cycle for one company can be a vicious cycle for another company. How does it create barriers to entry?
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The virtuous cycle when beneficial for one company can become a vicious cycle for another creating barriers to entry in the market This dynamic is often observed in industries where network effects ec... View full answer
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