Network affects can be present when the
A) internet was initially open to everyone.
B) costs of production are low relative to the cost of distribution.
C) cost of production are low relative to the costs of rent-seeking.
D) costs of distribution are low relative to the costs of production.
D
You might also like to view...
In Marx's ideal communist society, the state
First-price auctions have all the following properties EXCEPT
a. Highest bid wins b. Highest bidder pays the second highest bid c. The good is assigned to the highest bidder d. The price is set to the highest bid
The Coase solution to the externality problem only works when bargaining costs are high
a. True b. False
A corrective tax
a. allocates pollution to those factories that face the highest cost of reducing it. b. is a form of regulation. c. works well for all types of externalities. d. is inferior to regulatory policy according to most economists.