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Author Question: Once a product becomes established, network externalities may create ________ costs that make ... (Read 27 times)

danielfitts88

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Once a product becomes established, network externalities may create ________ costs that make consumers reluctant to buy a new product with better technology.
 
  A) switching B) marginal C) external D) implicit

Question 2

If a typical monopolistically competitive firm is making short-run losses, then
 
  A) as some firms leave, the demand for the products of the remaining firms will become more elastic.
  B) other more competitive firms will enter the market.
  C) as some firms leave, the remaining firms will experience an increase in the demand for their products.
  D) the industry will eventually cease to exist.


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dreamfighter72

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danielfitts88

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Reply 2 on: Jun 29, 2018
Gracias!


AngeliqueG

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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