English Language · Sentence Rearrangement

Rearrange the following sentences to form a coherent paragraph: 1. This phenomenon is often referred to as a 'network effect,' where the value of a service increases with the number of its users. 2. Consequently, they tend to dominate their respective markets, leading to the creation of powerful monopolies or oligopolies. 3. The digital economy has given rise to new business models that rely on the accumulation of data and the scale of their user base. 4. A prime example is the platform economy, where companies like social media networks and ride-sharing apps create value by connecting users.