A good is characterized by network economies if it:
A. becomes more valuable as more people own it.
B. is widely advertised on television.
C. can be used by more than one person at a time.
D. becomes cheaper to produce as more people buy it.
Answer: A
Economics
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Consumers expect that the price of a gallon of gasoline will rise next week. As a result
A) today's supply of gasoline increases. B) today's demand for gasoline increases. C) the price of a gallon of gasoline falls today. D) next week's supply of gasoline decreases.
Economics