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Author Question: Refer to Figure 13-11. The diagram depicts a firm A) in an increasing-cost industry. B) in ... (Read 72 times)

cherise1989

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Refer to Figure 13-11. The diagram depicts a firm
 
  A) in an increasing-cost industry. B) in long-run equilibrium.
  C) that is making short-run losses. D) in a constant-cost industry.

Question 2

Many economists do not believe that network externalities lock consumers into the use of products that have technology inferior to other, similar products. These economists believe that
 
  A) the government will prevent products with inferior technology from being sold to consumers.
  B) in practice, the gains from using a superior technology exceed the losses consumers incur from switching costs.
  C) there is no good evidence that switching costs exist.
  D) consumers are always rational.


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Madisongo23

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cherise1989

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Reply 2 on: Jun 29, 2018
Excellent


marict

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Reply 3 on: Yesterday
Gracias!

 

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