Question: What are 'data network effects'? How are they different from traditional 'network effects'? Provide examples of businesses with network effects. Explain how they apply to

  1. What are 'data network effects'? How are they different from traditional 'network effects'?
  2. Provide examples of businesses with network effects. Explain how they apply to these businesses.
  3. Why is understanding 'network effects'important for managers?

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