6 Network externalities exist when a good's value to the consumer rises:O A) as the number of people who use the good decreases.B)as the number of people who use the good increases.C)as technology improves.D)even though the number of people who use the good remains constant.Ouestion 14 (1 point)ListenIn general, the marginal revenue a monopolist receives from selling one more unit of a good is less than theprice of that unit because:A)average total cost declines.B)the demand curve slopes downward.C) of the law of diminishing returns.D) of increasing opportunity costs.

The benefit or cost that is being caused by a producer that is not being received or incurred…

Network externalities exist when a good's value to the consumer rises: A) as the number of people who use the good decreases. B) as the number of people who use the good increases. O C) as technology improves. D) even though the number of people who use the good remains constant.

Network externalities exist when a good's value to the consumer rises: A) as the number of people who use the good decreases. B) as the number of people who use the good increases. O C) as technology improves. D) even though the number of people who use the good remains constant.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Network externalities exist when a good's value to the consumer rises:
O A) as the number of people who use the good decreases.
B)
as the number of people who use the good increases.
C)
as technology improves.
D)
even though the number of people who use the good remains constant.
Ouestion 14 (1 point)
Listen
In general, the marginal revenue a monopolist receives from selling one more unit of a good is less than the
price of that unit because:
A)
average total cost declines.
B)
the demand curve slopes downward.
C) of the law of diminishing returns.
D) of increasing opportunity costs.

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