Question: Why are industry standards so important in high - tech markets? Group of answer choices They restrict customer options, enhancing the odds that a firm
Why are industry standards so important in hightech markets?
Group of answer choices
They restrict customer options, enhancing the odds that a firm will gain sales.
Standards reduce customer fear, uncertainty, and doubt, and thus, can help to grow the market, which is particularly important for products with network externalities.
The availability of complementary products is large determined by the number of competitors in an industry.
Because intellectual property rights are difficult to enforce
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