When There Are Large Network Effects of Adopting a New

question 20

Multiple Choice

When there are large network effects of adopting a new technology,firms often feel that government regulation or joint ventures can solve the

• A)problem of excessive investment.
• B)coordination problem.
• C)problem of excess capacity.
• D)market inefficiency problem.

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Definitions:

MAC Address

A media access control address is a unique identifier assigned to network interfaces for communications at the data link layer of a network segment.

Physical Address

In computer networking, it refers to the unique identifier (MAC address) assigned to every network interface for communication at the physical layer.

IP Address

Internet Protocol Address, a unique string of numbers separated by periods that identifies each computer using the Internet Protocol to communicate over a network.

Dotted Quad

A format used to express IPv4 addresses, consisting of four decimal numbers separated by dots, each ranging from 0 to 255.