Many Economists Do Not Believe That Network Externalities Lock Consumers

question 117

Multiple Choice

Many economists do not believe that network externalities lock consumers into the use of products that have technology inferior to other, similar products.These economists believe that

• A)consumers are always rational.
• B)in practice, the gains from using a superior technology exceed the losses consumers incur from switching costs.
• C)there is no good evidence that switching costs exist.
• D)the government will prevent products with inferior technology from being sold to consumers.

Explain the definition and characteristics of learning.

Understand the concept of associative learning and its mechanisms.

Identify the role of behaviorism in the study of psychology and learning.

Recognize the historical figures and their contributions to the field of learning and conditioning.

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Definitions:

Actual Culture

The real, observed practices, rituals, and norms within a society or organization, as opposed to idealized or aspirational representations.

Informal Network

An unofficial, interpersonal web of relationships and connections within an organization or community that facilitates communication and information exchange outside formal channels.

Grapevine

Informal communication network within an organization, known for spreading rumors and unofficial information rapidly.

Text Messaging

The act of sending short, digital messages between mobile devices over a network.