Most college courses have a required textbook. Previously, textbooks were only available through the campus bookstore, but now, these texts can be purchased from online retailers, other bookstores, or students can buy an electronic version of the
text. Because of this, we can predict the price elasticity of demand for textbooks from the campus bookstore is ________. A) increasing
B) decreasing
C) staying the same
D) increasing and then decreasing
A
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The optimal strategy of a goalie in penalty kicking is similar to that in a(n) ________
A) zero-sum game B) symmetric game C) extensive-form game D) prisoners' dilemma
Some economists argue that Microsoft become a monopoly in the market for computer software by developing MS-DOS, an operating system used for the first IBM personal computers
The more people who used MS-DOS-based programs, the greater the usefulness of a using a computer with an MS-DOS operating system. The explanation for Microsoft's monopoly is A) the development of new technology that other firms could not copy. B) network externalities. C) patents Microsoft obtained when it developed the MS-DOS operating system. D) control of a key resource which, in this case, is the MS-DOS operating system.