People's willingness to buy the PC or Mac format of computer software depends on how popular the software format is among other consumers. This is an example of
A) a cartel.
B) an opportunity cost.
C) a network effect.
D) the prisoners' dilemma.
Answer: C
Economics
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What will be an ideal response?
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How much is a bond that pays $80 in coupon payments for 4 years and $1,000 at the end of the fourth year worth if the interest rate is 6%?
A) $855.46 B) $1,045.56 C) $1,069.30 D) $1,140.00
Economics
If the interest rate on a bond is below the equilibrium interest rate, there is an excess ________ of bonds and the bond price will ________
A) demand; rise B) demand; fall C) supply; rise D) supply; fall
Economics
There is no good basis for dividing federal and state regulatory jurisdictions
Indicate whether the statement is true or false
Economics