In This Chapter, the Term Negative Network Externality Describes

question 30

Multiple Choice

In this chapter, the term negative network externality describes:

• A)the positive effect of consuming chocolate as income rises.
• B)the snob effect.
• C)the bandwagon effect.
• D)the impact of a polluting firm on its local environment.

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Definitions:

Phonemes

The basic distinctive units of sound in a language that distinguish one word from another, for example, the sounds /p/, /b/, /d/, and /t/ in the English words "pad", "bat", "bad", and "tap".

Morphemes

The smallest grammatical units in a language that carry meaning; they can be words or parts of words (like suffixes or prefixes).

Syntax

The set of rules that governs the structure of sentences in a language.

Insight

The ability to understand the inner nature of things or to gain an intuitive understanding of complex situations.