Network Externalities

question 54

Multiple Choice

Network externalities:

• A)can explain why more efficient technologies displace less efficient technologies.
• B)can explain why the economy fails to adopt the most efficient technologies.
• C)reduce the cost of switching to new technologies without network externalities.
• D)can explain why technological lock-in no longer occurs.

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Definitions:

Weight Loss

The process of losing body mass by reducing body fat and/or lean mass.

Sodium

A chemical element (Na) that is essential for human health, playing roles in nerve function and fluid balance but can be harmful in excess.

Epinephrine

A hormone and neurotransmitter also known as adrenaline, involved in the body's fight-or-flight response.

Aldosterone

A steroid hormone produced by the adrenal gland that regulates salt and water balance in the body.