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.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter18: Asymmetric Information

Section: Chapter Questions

Problem 18.11P

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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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