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Author Question: Due to the network externalities in the game console market, we would expect this market to (Read 76 times)

erika

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Question 1

________ present(s) a barrier to entry in the DVD player market.


◦ Economies of scale
◦ Ownership of a scarce resource
◦ Network externalities
◦ A government franchise

Question 2

Due to the network externalities in the game console market, we would expect this market to


◦ overproduce game consoles.
◦ be highly concentrated.
◦ be efficient.
◦ be serviced by a natural monopoly.


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Marked as best answer by erika on Apr 19, 2019

cloud

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erika

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Reply 2 on: Apr 19, 2019
Excellent


scottmt

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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