Which of the following features of e-commerce technology is related to the concept of network externalities?

Jill invests $1,000 to buy ten shares of Good Corporation. The corporation goes bankrupt having

no assets and $1 million in liabilities. The most Jill can lose is the $1,000 she invested. This is an example of the corporate characteristic of: A) Limited liability. B) Centralized management. C) Double taxation. D) Free transferability of shares. E) Perpetual existence.

If higher price buyers have to be turned away because the capacity has already been committed to lower price buyers, this is

A) spill. B) spoilage. C) wastage. D) excess.