Network Goods Such as Telephones, Computer Operating Systems and the Like

question 100

Multiple Choice

Network goods such as telephones, computer operating systems and the like, will tend to become monopolies because consumers will naturally tend to buy from the largest supplier of the good. who will eventually become a monopoly. This monopoly position

• A)automatically violates the Sherman Antitrust Act
• B)violates the Sherman Antitrust Act only if the company illegally acts to maintain their position
• C)is automatically subject to FTC or state regulation and does not fall under the Sherman Antitrust Act
• D)is not covered by the Sherman Antitrust Act

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Definitions:

Recessive

A genetic term describing an allele that expresses its phenotype only when its paired allele is identical.

Phenotype

The set of observable characteristics or traits of an organism that result from the interaction of its genotype with the environment.

Specific Genes

Individual genes that are identified as playing a significant role in determining particular traits or conditions.

Gene Location

The specific place of a gene within the chromosome, known as its locus.