A Significant Downside to Network Externalities Is That

question 131

Multiple Choice

A significant downside to network externalities is that

• A)there may be large switching costs to consumers of changing products so that consumers end up using products with inferior technologies.
• B)firms may network with unethical suppliers or distributors.
• C)the costs of using celebrity endorsements may be very high.
• D)there may be large switching costs to firms changing technologies.

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Definitions:

Transitional Expression

Connective elements in writing that help to smoothly bridge thoughts and sections, enhancing readability.

Negative Habit

A persistently bad or detrimental practice or behavior that is often hard to give up and can have harmful effects on one's health, happiness, or well-being.

Same-sex Classrooms

Educational setups where students are grouped based on their gender, typically in an effort to tailor teaching methods and content.

Hazardous Wastes

Materials that are dangerous to human health or the environment, requiring careful handling and disposal to prevent harm.