In the Long Run, Interconnection in Network Industries Creates a _____

question 195

Multiple Choice

In the long run, interconnection in network industries creates a _____ environment that leads firms to _____.

• A) less competitive; cut costs
• B) less competitive; raise prices
• C) more competitive; cut costs
• D) more competitive; raise prices

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Definitions:

Felsic

Refers to igneous rocks that are rich in lighter elements like silicon, oxygen, aluminum, sodium, and potassium.

Pyroclastic Flow

A swiftly flowing stream of heated gas and volcanic substances that descends a volcano's slope when there's a violent eruption.

Fluid Lava

Molten rock material expelled by a volcano during an eruption, characterized by its low viscosity which allows it to flow easily.

Eruption Column

A tall, dense column of ash, gas, and volcanic debris ejected into the atmosphere during an explosive volcanic eruption.