Make sure you keep a copy.
Networks effects are prevalent in media industries.
Explain the two related concepts of network externalities and lock-in, and briefly describe their economic implications. Illustrate how they manifest themselves in two of the media sectors studied in class. Discuss the main implications for industry strategies in these two sectors. Originality of thought, depth of analysis, and felicity of expression will weigh in your favor. Serve filet mignon, avoid ground chuck.