When Network Externalities Are Present in a Market,the Typical Outcome

question 31

Multiple Choice

When network externalities are present in a market,the typical outcome is:

• A)A winner-take-all market
• B)Monopolistic abuse requiring antitrust intervention
• C)More rapid technological innovation
• D)Lack of consumer choice

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Definitions:

Contracting

The process of making formal agreements or contracts, often relating to services, employment, or legal obligations.

Administration Support

The assistance and resources provided by administrative staff to ensure the efficient operation and success of programs or organizations.

Potential Members

Individuals who may become part of a group, organization, or system but have not yet joined or been formally incorporated.

Sponsoring Organization

An entity or group that supports a project or program, often providing funding or resources.