Network effects result from
A) entry barriers.
B) economies of scale.
C) standardization.
D) none of these choices.
C
Economics
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Consumers' preferences are represented by
A) budget lines. B) indifference curves. C) relative prices. D) household income.
Economics
Explanations about what caused the Great Recession differ sharply among economists. The so-called Minsky Explanation involves the following factors, except:
A. A massive euphoric bubble in housing prices that eventually burst B. A huge negative demand shock in the economy C. Flexible average price level in the economy D. Excessive access to home-mortgage loans
Economics