Which of the following best reflects a network externality?
a. Price of a good affecting a purchase decision
b. Number of other people purchasing the good influencing the quantity demanded.
c. Proven quality of a product influencing the quantity demanded.
d. Price of a related good affecting a purchase decision.
b
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Refer to the scenario above. If Aqua Inc charges a price of $70 for each unit of Good A while Blu Corp . charges a price of $50, Blu Corp . will face a demand of ________ units
A) 1,000 B) 1,500 C) 2,000 D) 3,000
Based on the above figure, if countries "A" and "B" faced the production possibilities curves above, both countries would benefit if
A) they did not trade. B) "A" produced industrial goods, and "B" produced agricultural goods. C) "B" produced industrial goods, and "A" produced agricultural goods. D) they both produced both industrial and agricultural goods.
Which of the following is a disadvantage of the U-form structure?
a. In case of multiple products sold in different markets, a U-form structure is difficult to maintain. b. A U-form structure requires a larger staff to evaluate top-level decision making than other organization structures. c. A U-form structure necessitates a multiple-level decision-making process. d. The amount of information that is considered for decision-making in a U-form structure is less than other structures.
Cost-push inflation is characterized by a(n):
A. Increase in aggregate supply and a decrease in aggregate demand B. Increase in aggregate demand and no change in aggregate supply C. Decrease in aggregate supply and no change in aggregate demand D. Decrease in both aggregate supply and aggregate demand