Use the Following Statements to Answer This Question

question 24

Multiple Choice

Use the following statements to answer this question:
I. A network externality is a situation in which each individual's demand depends on the purchases of other buyers.
II. Network externalities are mainly positive effects resulting from the actions of others, while ordinary externalities are mainly negative effects resulting from the actions of others.

• A) I and II are true.
• B) I is true and II is false.
• C) I is false and II is true.
• D) I and II are false.

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Definitions:

Statistical Hypothesis

An assumption or claim about the characteristics or parameters of a population, which can be tested using statistical methods.

Population Parameters

Numerical values that summarize data for an entire population, such as the mean or standard deviation.

Null Hypothesis

A hypothesis that assumes no significant difference or effect in a particular situation, serving as a default position until evidence suggests otherwise.

μ = 25

This symbol (mu) represents the mean of a population in statistics, here specifically indicating a population mean of 25.