What are some other examples of industries where externalities

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 can be found by following the link below:

http://www.usatoday.com/tech/columnist/2001-07-18-maney.htm (Links to an external site.)

Discussion questions:

1) What are some other examples of industries where externalities have a significant presence?

2) 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.

Please have a minimum of 500 words.