For there to be positive network externalities
A) there must be a direct size effect.
B) there must be an indirect size effect.
C) introductory prices are required.
D) None of the above.
D
You might also like to view...
Kelly's marginal utilities for magazines and packages of gummy bears are listed in the table above. For Kelly, what is the total utility received from consuming 5 magazines?
A) 5 B) 20 C) 25 D) 255
Rather than prohibiting a good or service, the government might tax it. Imposing such a tax on a good or service ________ the equilibrium price and ________ the equilibrium quantity
A) raises; increases B) raises; decreases C) lowers; increases D) lowers; decreases
The "corporate takeover market" plays a part in handling the conflict between management and __________ in __________-oriented financial systems
A) bankers; markets B) bankers; banking C) stockholders; markets D) stockholders; banking
Real income is redistributed from ________ in the case of ________ inflation
A) creditors to debtors, anticipated B) creditors to debtors, unanticipated C) debtors to creditors, anticipated D) debtors to creditors, unanticipated