A network effect arises whenever
A. a producer's willingness to produce a good or service is influenced by how many other firms also produce or have produced the item.
B. firms in an oligopolistic industry engage in a zero-sum game.
C. a consumer's willingness to purchase a good or service is influenced by how many others also buy or have bought the item.
D. firms in an oligopolistic industry engage in limit pricing.
Answer: C
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What will be an ideal response?
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a. True b. False Indicate whether the statement is true or false
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