The Effect of Positive Network Externalities Can Be So Powerful

question 64

Multiple Choice

The effect of positive network externalities can be so powerful that it may even:

• A)create a natural monopoly.
• B)transfer deadweight loss to surplus.
• C)encourage competition and increase efficiency.
• D)None of these statements is true.

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Definitions:

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells through electrical and chemical signals.

Glial Cells

Non-neuronal cells in the central nervous system and the peripheral nervous system that do not produce electrical impulses but are essential for the support, protection, and nutrition of neurons.

Nerve Cells

Specialized cells that transmit electrical and chemical signals throughout the nervous system, enabling communication between the brain and the body.

Adult Brain

The matured human brain, fully developed and characterized by complex cognitive, emotional, and social capabilities.