When Are Winner-Take-All Markets Good for Consumers

question 40

Multiple Choice

When are winner-take-all markets good for consumers?

• A) When monopoly costs exceed the value of technological utility and network externality benefits.
• B) When monopoly costs exceed the value of technological utility.
• C) When the value of technology utility exceeds monopoly costs.
• D) When the value of technology utility and network externality benefits exceeds monopoly costs.

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Definitions:

External Locus

An external locus of control refers to the belief that external forces, rather than personal actions, have the major influence on one’s life events and outcomes.

Positive Social Ties

Relationships with others that provide support, comfort, and beneficial interactions, contributing to an individual's physical and mental health.

Biofeedback

An approach that trains people to boost their well-being by regulating involuntary bodily functions, such as heart rate and blood pressure.

Type A Personalities

Individuals with Type A personalities are characterized by a constant sense of urgency, competitiveness, and a high level of stress.