Trade off between backward compatibility and performance

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Reference no: EM131282407

1. Discuss the conditions under which pre-market standardization is more likely to emerge as an equilibrium than a standards war.

2. Explain why consumer and producer interests in standardization may not be aligned.

3. Explain why incumbent producers of network goods may have an incentive to build an installed base of consumers through penetration pricing.

4. Describe the trade-off between backward compatibility and performance.

5. Explain how and why firms try to influence consumers' expectations in a standards war?

Reference no: EM131282407

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