Network Externalities

question 66

Multiple Choice

Network externalities:

• A) increase the likelihood that an industry will become a winner-take-all industry.
• B) increase competition among existing firms in a market.
• C) weaken forces that lead to monopoly in an industry.
• D) promote the entry of new firms in a market.

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Definitions:

Fetus

A developing mammal or human after the embryonic stage and before birth, during which significant growth and development occur.

Pregnant

The state of carrying a developing fetus within the female body.

Prenatal Development

The process of growth and development that occurs from conception to birth.

Germinal

A novel by Émile Zola that highlights the harsh living and working conditions of the mining community in France during the 19th century.