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Author Question: A good is path dependent when A) it can only be used in one way. B) people who move location ... (Read 64 times)

roselinechinyere27m

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on: Jun 29, 2018
A good is path dependent when
 
  A) it can only be used in one way.
  B) people who move location follow the path of people who moved before them.
  C) consumers get utility from consuming goods that others are consuming, such as restaurants.
  D) the first technology that was adopted has an advantage over a better technology that came later.

Question 2

The breakfast cereal industry has a four-firm concentration ratio of 80 percent. Is this enough information to classify the industry as an oligopoly? Is a high concentration ratio evidence that an industry is not competitive?
 
  What will be an ideal response?
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robbielu01

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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roselinechinyere27m

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

matt95

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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