A software design company wants to pursue a platform strategy. Which of the following strategies is the firm likely to want to adopt?
a. Focus on softening rivalry
b. Encourage complementary innovation
c. Encourage substitute innovation
d. All of the above
b
You might also like to view...
Suppose the price of gasoline is $3.50 per gallon, the quantity of gasoline demanded is 150 billion gallons per year,
the price elasticity of demand for gasoline is -0.06, and the federal government decides to increase the excise tax on gasoline by $1.00 per gallon, which increases the price of gasoline by $0.75 per gallon. What is the new equilibrium quantity of gasoline demanded after the tax is imposed? A) 109.72 billion gallons per year B) 127.25 billion gallons per year C) 148.27 billion gallons per year D) 161.61 billion gallons per year
Auto insurance rates are lower for young women relative to young men. An unusually reckless young woman driver benefits from this
A) statistical discrimination. B) signal. C) screening. D) majority voting.
The price for labor is the wage rate. What happens to the demand for labor if wages increase?
a. It increases. b. It decreases. c. It does not change. d. Uncertain-economic theory has no answer to this question.
In a country that is experiencing economic growth at 7 percent per year, per capita income will double in approximately
a. seven years. b. ten years. c. fourteen years. d. twenty-one years.