What Is Likely to Happen in the Market for a Network

question 103

Multiple Choice

What is likely to happen in the market for a network good when a new substitute product quickly gains popularity?

• A) The tipping point moves to a smaller number of customers.
• B) The cost curves for both firms shift upward.
• C) The core users will remain loyal to the firm.
• D) The market for the network good may enter a vicious cycle.

Recognize the role of predictability and timing in the conditioning process.

Understand the phenomena of extinction, spontaneous recovery, and generalization within classical conditioning.

Demonstrate knowledge of how conditioned emotional responses are developed and their impacts.

Comprehend the biological constraints on classical conditioning.