Network Externalities Are Often

question 3

Multiple Choice

Network externalities are often:

• A) separate from positive feedback.
• B) a reason for natural monopolies.
• C) less likely to occur in the communications or technology industries than in other industries.
• D) not likely to move toward market domination.

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Definitions:

Disposable Personal Income

The amount of money that households have available for spending and saving after income taxes have been accounted for.

Gross National Product

The total value of all goods and services produced by a country's residents and businesses, including those produced abroad, over a specific time period.

National Income

The total amount of money earned within a country, including wages, rent, interest, and profits.

U.S. GDP

The total monetary value of all goods and services produced within the United States in a specific time period.