For Network Externalities to Occur

question 63

Multiple Choice

For network externalities to occur,

• A)the government has to create new laws.
• B)deadweight loss must be minimized.
• C)there must be a critical mass of users.
• D)there must be a positive benefit to society.

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Definitions:

Stereotype Threat

The risk of confirming negative stereotypes about one's group, which can impair performance in areas such as academics or sports.

Racial Differences

Refers to the distinctions in physical traits and cultural practices among people that are often grouped based on their race.

Ethnic Differences

Variations in culture, tradition, and practices among different ethnic groups.

Outgroup Members

Individuals or groups that are perceived as being different or apart from one's own group.