Winner-Take-All Industries,where the Leading Firm Accounts for the Great Majority

question 30

Multiple Choice

Winner-take-all industries,where the leading firm accounts for the great majority of the industry's total profit,are usually the result of:

• A)Economies of scale
• B)Economies of scope
• C)Network externalities
• D)Product differentiation

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Definitions:

Consequential Theories

Ethical theories that judge actions based solely on their outcomes or consequences, focusing on the greater good or harm resulting from them.

Moral Rights

Rights concerning the personal and reputational aspects of a work, typically associated with the author's ability to prevent unauthorized changes or to be properly acknowledged.

Universal Rights

Rights that are believed to belong to every person regardless of race, gender, nationality, ethnicity, language, religion, or any other status.

Gender Coercion

The act of forcing individuals to conform to traditional gender roles or behaviors against their will.