Which of the following could result in a negative network externality?
a. snob effect; standardization
b. bandwagon effect; congestion
c. bandwagon effect; standardization
d. snob effect; congestion
d
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Holding all else constant, an increase in Mexican real GDP will ________ the demand for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. increase; decrease B. decrease; increase C. increase; increase D. decrease; decrease
Among the United States, Finland, and South Africa, income is distributed most equally in ________ and least equally in ________
A) the United States; South Africa B) Finland; South Africa C) Finland; the United States D) South Africa; the United States
What is a tariff?
What will be an ideal response?
The profit-maximizing level of employment by the monopsonist in the labor market shown below will be:
A. A
B. B
C. C
D. D