When an increase in a network's membership increases the product's value to users, there are

Which of the following is likely to result in a smaller equilibrium quantity exchanged? a. An increase in both demand and supply

b. A decrease in both demand and supply. c. An increase in demand and a decrease in supply. d. A decrease in demand and an increase in supply.

The revenue curves that a monopoly faces are different from those that a perfectly competitive firm faces in that the:

A. marginal revenue curve is downward sloping instead of flat. B. average revenue curve is no longer equal to price. C. marginal revenue curve is now flat instead of downward sloping. D. total revenue curve for a monopoly is linear.