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Author Question: Although some economists believe network externalities are important barriers to entry, other ... (Read 95 times)

bobbysung

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Although some economists believe network externalities are important barriers to entry, other economists disagree because
 
  A) they believe that the dominant positions of firms that are supposedly due to network externalities are to a greater extent the result of economies of scale.
  B) they believe that most examples of network externalities are really barriers to entry caused by the control of a key resource.
  C) network externalities are really negative externalities.
  D) they believe that the dominant positions of firms that are supposedly due to network externalities are to a greater extent the result of the efficiency of firms in offering products that satisfy consumer preferences.

Question 2

If firms are protected by substantial barriers to entry, short-run profits can turn into long-run profits.
 
  Indicate whether the statement is true or false


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xoxo123

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bobbysung

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


meganmoser117

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Reply 3 on: Yesterday
Excellent

 

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