Discussion Post: E-Commerce
In the USA Today article titled "First Mover Advantage' No Longer an Advantage," Cyberspeak columnist Kevin Maney discusses the implications of being a first mover company in e-commerce. The article:
Task:
o What are some other examples of industries where externalities have a significant presence?
o Although standardization is necessary in order to fully reap the benefits a winner-take-all industry often give rise to monopolistic tendencies, such as the case of Microsoft. Are there some cases where it is more beneficial to consumers to have standardized products than a competitive market structure? What would be the costs and benefits of a lack of competition in such industries? Explain.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.