Network externalities can:
A. increase the value of new technologies.
B. create diffuse profits for producers.
C. decrease the benefits of a winner-take-all industry.
D. lead to the adoption of inefficient technologies.
Answer: D
Economics
You might also like to view...
________ shows that if all resources are fully and efficiently utilized, more of one good can be produced only by producing less of another good
A) The mixed market system B) Comparative advantage C) The production possibilities frontier model D) Absolute advantage
Economics
If compared against other criteria for evaluating the public interest, the social welfare function is most comparable to _____
a. utilitarianism b. the Pareto criteria c. the potential compensation criterion d. cost-benefit analysis
Economics