As more people start using an operating system, more applications are developed for it. This makes the system more valuable to individual users. This is an example of a ________
A) pecuniary externality
B) network externality
C) positive externality
D) negative externality
B
You might also like to view...
Long-run elasticity of supply is defined as
a. percentage change in quantity demanded in the long run divided by percentage change in price. b. percentage change in price divided by percentage change in quantity demanded in the long run. c. percentage change in quantity supplied in the long run divided by percentage change in price. d. percentage change in price divided by percentage change in quantity demanded in the long run.
If the government wanted a tax to not burden producers much, it would want to tax an industry with
a. elastic supply and demand curves. b. inelastic supply and demand curves. c. inelastic supply and elastic demand. d. elastic supply and inelastic demand.