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Answer:
Network externality is one of the market failures that justify the regulation of telecommunications markets and especially the interconnection between operators' networks. Externality is defined as the variation in utility that an agent obtains when the number of other agents that consume the same type of good or service varies. External effects are considered network effects that cannot be internalized by market agents.
Network externalities lead to the creation of natural monopolies as they generate positive feedback processes that make each new user of a service more valuable for the next user.
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As a highly flexible structure, a <u>matrix organization</u> can be quickly configured to adapt as required due to changes.
<h3>What is a matrix organizational structure?</h3>
A matrix organizational structure can be defined as a type of work structure where reporting relationships between employees and the top executive (employers) are set up as a matrix rather than the conventional hierarchy approach, which makes it highly flexible and adaptable to subsequent changes.
<h3>The types of matrix organizational structure.</h3>
In business management, there are three types of matrix organizational structure and these include:
- Balanced matrix structure.
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