Question: Identify a true statement about network effects.It is the cumulative effect produced when one frim enters an industry and makes a profit which triggers other

Identify a true statement about network effects.It is the cumulative effect produced when one frim enters an industry and makes a profit which triggers other frems to enter the same industry.It is the growthin demand for a firms probuct that resits from a prowth in the namber of existing customers.It decieaves the veitching conts for cuntomers, maling it emier for them to choose beteven differest br ind.It wabes it easker for new entrants to steal business from incumbent frms.

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