A significant downside to network externalities is that
A) firms may network with unethical suppliers or distributors.
B) there may be large switching costs to firms changing technologies.
C) there may be large switching costs to consumers of changing products so that consumers end up using products with inferior technologies.
D) the costs of using celebrity endorsements may be very high.
C
Economics
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Which of the following is an example of an undesirable side effect of the operation of the market mechanism?
a. negative externalities b. comparative advantages c. abstractions d. productivity growth
Economics
Labor supply curves are always upward sloping
a. True b. False Indicate whether the statement is true or false
Economics