If All of Your Friends Use the Same Instant Messaging

question 16

Multiple Choice

If all of your friends use the same instant messaging service provider,you are likely to use it too.This behavior may create

• A)Cartels.
• B)Nonprice competition.
• C)A network economy.
• D)Distribution control.

Explain the effects of supply and demand shifts on market equilibrium.

Understand the concept of Cournot duopoly and how firms' output decisions affect market equilibrium.

Calculate equilibrium output for firms in a Cournot duopoly setting.

Analyze the effect of cost structures on firms' profitability in a Cournot duopoly.

---

Definitions:

Claiming Value

The process of maximizing one's own benefit in a negotiation or transaction.

Creating Value

The process of enhancing or increasing the value proposition of a deal or an outcome for all parties involved in a negotiation.

Conflict

A disagreement or contention between two or more parties, possibly due to differing interests, values, or goals.

Best Alternative

The most advantageous option available to a party in negotiations if the current talks fail.