The video game console market is a network market in which Sony's PlayStation 2 (PS2) dominated over Microsoft's Xbox offering. This has been possible due to: a. the low pricing of Xbox which eroded users' confidence in the product.
MIS Chapter 8. 1. In the context of network effects, the term "network" refers to either wired or wireless systems that connect computing components . 1. In the absence of network effects, the value of a product or service increases as the number of users grows. Nice work!