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Standards and Market Power

BY | May 15, 2008

This article is part of a Chronicle. See more from this Chronicle Nicholas Banasevic, Cecilio Madero, May 16, 2008 Standards play an increasingly significant role in the modern economy, in…

This article is part of a Chronicle. See more from this Chronicle

Nicholas Banasevic, Cecilio Madero, May 16, 2008

Standards play an increasingly significant role in the modern economy, in particular in the high-tech sector. They ensure that products in an increasingly inter-connected world can work together properly, and therefore allow companies to concentrate on producing innovative products to the benefit of consumers. However, standardization may also confer market power on an essential pat

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