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
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"The velocity of circulation is the average speed with which money is loaned to businesses and households." Is the previous statement correct or incorrect?
What will be an ideal response?
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?
What will be an ideal response?
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.
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.