Which of the Following Is Not True About Apps and the App

question 18

Multiple Choice

Which of the following is not true about apps and the app economy?

• A) App store access is limited to industrialized nations with large smartphone user populations.
• B) Apps have been criticized as creating consumer switching costs vs. browser-based alternatives.
• C) App stores are 'always open'.
• D) Apps developed for one platform typically cannot be used on another platform.
• E) Apps have been vital to the rise of several high-valued efforts, including Uber, Rovio, Instagram, and WhatsApp.

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Definitions:

Too Much Labor

A situation where there is an excess supply of labor in the market, leading to unemployment or underemployment.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 to prohibit monopolies and restrict business practices that reduce market competition.

Monopolization

The process or state by which a single company gains exclusive control over a market, eliminating competition, and often leading to higher prices and reduced quality for consumers.

Tying Agreements

Contracts where the sale of one product (the tying product) is contingent upon the purchase of a second, distinct product (the tied product).