The Product-Variety Externality and the Business-Stealing Externality Are Both Spillover

question 164

True/False

The product-variety externality and the business-stealing externality are both spillover benefits of new firms entering a monopolistically competitive market.

---

Definitions:

Security System

A combination of technological equipment and procedures designed to protect a space or information from unauthorized access, theft, or damage.

Fax Machine

An electronic device used to send and receive documents over a telephone line by converting them to and from electronic bits.

Security System

A set of electronic or physical measures designed to protect a place or system against unauthorized access or harm.

Laboratory Specimens

Samples of tissue, blood, urine, or other substances used for medical testing and diagnosis.