If Network Externalities Exist in an Industry,the ________ Firm to Enter

question 98

Multiple Choice

If network externalities exist in an industry,the ________ firm to enter the market is often the one that succeeds in dominating the industry.

• A) first
• B) second
• C) third
• D) fourth
• E) fifth

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Definitions:

Drink Seltzer

Refers to the act of consuming seltzer water, a carbonated drink that may be flavored but does not contain alcohol.

Own A Car

Refers to the state or condition of having legal ownership and possession of an automobile.

Own A Home

The state or condition of possessing and living in a residential property owned by the person or household.

Conditional Probability

The likelihood of a specific event happening in connection with one or more other events.