Network Externalities Can

question 34

Multiple Choice

Network externalities can:

• A) create diffuse profits for producers.
• B) decrease the benefits of a winner-take-all industry.
• C) lead to the adoption of inefficient technologies.
• D) increase the value of new technologies.

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Definitions:

Novice Apprentices

Individuals at the beginning of a learning curve in a particular skill or profession, receiving training under the guidance of more experienced professionals.

Explicit Instruction

A teaching method that is direct, structured, and clear, with specific instructions provided to students for learning tasks.

Skilled Workers

Individuals who have acquired special training, knowledge, and abilities to perform specific tasks.

Base-10 Number System

A numeral system that is based on ten, utilizing digits 0 through 9, and where each digit's place represents a power of ten.