A situation where a consumer's willingness to use an item depends on how many others use it is
A) a positive-sum game.
B) a network effect.
C) price-leadership.
D) a vertical merger.
B
You might also like to view...
An increase in checking account balances equals the initial deposit multiplied by total reserves
Indicate whether the statement is true or false
Based on the information in the above table, what is the labor force participation rate?
What will be an ideal response?
The economy is in a recessionary gap and there is complete crowding out. Furthermore, there is no evidence that the economy is in a liquidity trap or that investment is interest-insensitive. This makes the case for the use of __________ policy stronger than it might be otherwise
A) contractionary monetary B) contractionary fiscal C) expansionary fiscal D) expansionary monetary
What is the main motive for countries' protection of their film/cinema industries?
A) to keep prices low for their citizens B) to improve their balance of payments C) to diversify their economies D) to preserve their national culture