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Pros and cons of open standards

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Please answer the following question at least 250 words within 1 hours. Please use your own words and appropriate resource. Citation and reference is necessary. Please don't copy from other one. If i find the answer is incomplete or copy from others, i will reject the answer.

How do open standards affect market development? Be sure to discuss the pros and cons of open standards. Give a real world example as part of your discussion.

Reference no: EM131105968

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