Two incompatible technologies compete in the marketplace

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When two incompatible technologies compete in the marketplace, one usually becomes the dominant standard and the other fades away. Explain two processes that cause the emergence of such "winner-take-all" markets. If you were the inventor of a new social networking website called FriendSpace, what would be an approach you would take to generate each of these processes and compete against the market leader, Facebook?

Reference no: EM13745150

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