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Any Event Whose Presence Decreases the Likelihood That Ongoing Behavior

question 158

Multiple Choice

Any event whose presence decreases the likelihood that ongoing behavior will recur is __________.


Definitions:

Network Externalities

The value of a product to a consumer increases with the number of that product being sold or used in the market.

Product Variety

The range of different products or services offered by a company or available in a market.

Cost Economies

Refers to economies of scale where the average cost per unit of production decreases as the volume of production increases.

Horizontal Differentiation

Products differ in ways that make them better for some people and worse for others.

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