Due to the bandwagon effect, demand for some products is ________ elastic than it would be without the positive network externality
A) more
B) less
C) equally
D) more strongly unitary
A
You might also like to view...
Answer the following statements true (T) or false (F)
1) Managers of the dairy farmers association can eliminate the industrywide free-rider problem using the law that makes checkoff payments mandatory. 2) In regard to industrywide advertising, creating small groups of participating firms increases the opportunity for free-riding. 3) Resale price maintenance is only profitable if consumers' valuation of the product-specific service exceeds the retailer's marginal cost of providing it. 4) As a manager, if you are aware that your competitors are bribing officials, your firm does not face negative legal outcomes if you report the bribery. 5) As a manager of a firm operating a foreign market, the FCPA does not allow you to make small facilitating payments, but the U.K. Bribery Act does.
Objective probabilities are based on ________ and ________ frequencies.
A) educated guesses; popular B) educated guesses; relative C) data; popular D) data; relative
If mining companies are able to shift some of their production costs onto outside parties, the actual output of mines is likely to fall short of society's ideal
a. True b. False Indicate whether the statement is true or false
If a man marries his hired housekeeper, the value of GDP
a. rises b. falls c. is unchanged d. rises, but the value of national income falls e. falls, but the value of national income rises