If the quantity of a good demanded by a typical consumer increases in response to the growth in purchases of other consumers,
A. a negative network externality is present.
B. a network externality is absent.
C. a network externality can be positive or negative
D. a positive network externality is present.
D. a positive network externality is present.
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If the LM function is vertical, then __________ is constant
A) the price level B) the interest rate C) velocity D) investment
The pollution market failure is an example of the free rider problem
a. True b. False Indicate whether the statement is true or false
The market for wheat is most likely considered a monopolistically competitive market
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true?
A. Approximately 25 percent of Americans live in poverty. B. American poverty is less severe than global poverty. C. American poverty is defined by homelessness and malnutrition. D. American poverty standards are below world poverty standards.