How do network effects benefit established businesses? a. It ...

[JMatthes]

How do network effects benefit established businesses?
 
  a. It allows consumers to find a variety of goods and services in one place.
  b. Transportation costs are decreased, and the concentration of many people and firms in a particular area leadsto greater innovation by existing firms and new ones.
 c. It doesn't benefit established businesses.
  d. It allows the established business to learn about its competitors, thus allowing it to lower prices and competemore effectively.

Question 2

Although the price of oil and some commodities has increased in recent years, the price of most raw materials has declined. For countries that primarily produce raw materials, this development has led to
 
  a. declining terms of trade.
  b. a rise in terms of trade.
  c. opportunities to rely on inexpensive labor.
  d. an increase in the export of raw materials.

[Carliemb17]

Answer to Question 1

b

Answer to Question 2

a

[JMatthes]

Thanks

[Carliemb17]

Welcome