Costs that are independent of the firm's level of output are called
a. fixed costs.
b. marginal costs.
c. opportunity costs.
d. sunk costs.
a. fixed costs.
Economics
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For there to be positive network externalities
A) there must be a direct size effect. B) there must be an indirect size effect. C) introductory prices are required. D) None of the above.
Economics
Externalities can be corrected by each of the following except
a. self-interest. b. moral codes and social sanctions. c. charity. d. normal market adjustments.
Economics