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Author Question: To be a natural monopoly a firm must A) have significant network externalities. B) control a key ... (Read 79 times)

future617RT

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on: Jun 29, 2018
To be a natural monopoly a firm must
 
  A) have significant network externalities.
  B) control a key resource input.
  C) have economies of scale that are so large that it can supply the entire market at a lower cost than two or more firms.
  D) be in a government-regulated market.

Question 2

Identify the one statement that does not demonstrate how social effects influence consumer choice.
 
  A) Some products that people consume are determined by the social popularity of the products.
  B) Companies such as Zappos.com and Netflix invite their consumers to write reviews about their experience with their products which are then posted on the internet for others to see.
  C) Students in an Economics class are required to purchase a textbook assigned by the professor.
  D) There is utility gained from consuming goods or services that others are consuming.
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Cnarkel

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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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future617RT

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Reply 2 on: Jun 29, 2018
Excellent

FergA

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

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