Some Economists Have Suggested That Network Externalities Result in Consumers

question 189

Multiple Choice

Some economists have suggested that network externalities result in consumers being locked into the use of products with inferior technologies.Economists Stan Leibowitz and Stephen Margolis have studied cases that have been cited as examples of this and found

• A)there is no convincing evidence that the alternative technologies were superior.
• B)consumers sometimes do become locked into the use of products with inferior technologies.
• C)that in all of these cases network externalities resulted in market failure.
• D)that consumers use products with inferior technologies when their prices are lower than products with superior technologies.

Comprehend the challenges in confirming species extinction and recognize instances of rediscovery.

Recognize the effects of human activity on species extinction and habitat degradation.

Understand the role of biological indicators in signaling degraded environmental conditions.

Analyze the impact of climate change on specific ecosystems and species, especially coral bleaching events.

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Definitions:

Sales on Account

Transactions where goods or services are sold and payment is deferred, resulting in the creation of accounts receivable for the seller.

Sales on Account

Transactions where goods or services are sold and payment is deferred, leading to the creation of accounts receivable on the balance sheet.

Merchandise

Goods that are purchased, stored, and sold by a business in its regular operations, often referred to as inventory.

Cash Collections

The process of receiving payment from customers for goods or services provided, impacting the company's cash flow positively.