Describe what is meant by excess inertia

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1. Explain why the competition between incompatible network goods is likely to lead, in the long run, to market dominance by a single good.

2. Describe what is meant by excess inertia and explain why this situation is more likely to happen in markets with indirect rather than direct network effects and where each user only has incomplete rather than full information about the other users' preferences.

Reference no: EM131282390

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