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Author Question: Network externalities A) prevent the dominance of a market by one firm. B) are created when ... (Read 99 times)

humphriesbr@me.com

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Network externalities
 
  A) prevent the dominance of a market by one firm.
  B) are created when celebrity endorsements of products lead to a surge in the demand for those products.
  C) exist when the usefulness of a product increases with the number of consumers who use it.
  D) can only exist when there are economies of scale.

Question 2

A consequence of the quota that has been imposed on the importation of sugar into the United States is
 
  A) competition in the U.S. sugar market is reduced.
  B) the market for sugar in the United States has become monopolistically competitive rather than oligopolistic.
  C) the cost of producing cereal, chocolate, and candy products in the United States is reduced.
  D) consumers are protected from eating unsafe products made from cheap imported sugar.


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AmberC1996

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humphriesbr@me.com

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


fatboyy09

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

 

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