An advantage of Microsoft Windows is its compatibility with the widest range of hardware and software. The dominance of Windows is self-reinforcing: hardware and software manufacturers ensure that their products are compatible with Windows in order to
have access to the large number of Windows users. Which situation best describes this scenario?
A) endowment effects
B) endorsement effects
C) economies of scale
D) network externalities
Answer: D
You might also like to view...
A situation in which the Fed's target interest rate has fallen as far as it can fall is sometimes described as a
a. liquidity preference. b. liquidity trap. c. open-market trap. d. interest-rate contraction.
Refer to the data provided in Table 11.2 below to answer the following question(s). Table 11.2 
Refer to Table 11.2. If the interest rate is 11%, then the farmer will only
A. buy the tractor and the irrigation system. B. buy the bookkeeping software and the grain storage tanks. C. buy the bookkeeping software. D. buy the tractor.
Which of the following is a way in which governments can directly promote savings and investment?
A. Governments can limit foreign competition by imposing tariffs and quotas on trade B. Governments can expand primary and secondary schools C. Governments can create tax incentives for both businesses and individuals D. Governments can promote vaccinations for children and improve access to clean water
The above figure shows the market for finish carpenters in Bozeman. If there is a minimum wage set at $18, then there will be
A) unemployment of 200 workers. B) a surplus of 200 workers. C) unemployment of 400 workers. D) a surplus of 400 workers. E) no unemployment of workers and no surplus of workers.