In a two-sided market with network effects, the platform will likely
A. charge a higher price for end users that are more affected by a positive market feedback.
B. randomly charge end users.
C. charge a lower price for end users that are more affected by a positive market feedback.
D. charge a zero price for all end users regardless of the market feedback effects.
Answer: A
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Generally, negative externalities result in
A. too much of a good being produced. B. the socially optimal output of a good being produced. C. too little of a good being produced. D. either a or c E. any of the above
The federal goal of making land widely accessible, especially in the last half of the 19th century,
a. was largely realized without fraud or favoritism. b. was implemented despite a process that favored special interests. c. was often subverted by fraud. d. None of the above is correct. e. Only b and c are correct.
Inferior goods are characterized by _____ demand as a result of increased income.
A. significantly higher B. slightly higher C. no change in D. lower
Marginal cost is equal to average variable cost when average variable cost is
A. at its maximum. B. equal to total variable cost. C. zero. D. at its minimum.