What is the main reason for network externalities to arise, Business Economics

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What is the main reason for network externalities to arise

What is the main reason for network externalities to arise? What are the economic consequences of such externalities? Several years ago there were several word-processing software, for example WordPerfect and many others. Now Microsoft Word basically dominates the market. Explain why this is the case.

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Business Economics: What is the main reason for network externalities to arise

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