In a two-sided market, a firm that provides services that link together groups of consumers and producers is called a(n)

A) end user.
B) platform.
C) monopoly.
D) tit-for-tat.


Answer: B

Economics

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When one automaker begins offering low cost financing or rebates, others tend to do the same. What two oligopoly models might offer an explanation of this behavior?

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Experiments show that when real people play the ultimatum game, starting with $100,

a. Player A usually proposes giving Player B more than $50. b. Player B usually accepts Player A's proposal if Player A proposes giving Player B $30 or $40. c. players show themselves to be rational wealth-maximizers. d. Player B will usually demand an even split.

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Inflation caused by a rise in per-unit production costs is referred to as:

A. hyperinflation. B. demand-pull inflation. C. cost-push inflation. D. unanticipated inflation.

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