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- #4. If network externalities exist in an industry, the ________ firm to enter the market is often the one that succeeds in dominating the industry. a. first b. second c. third d. fourth e. fifth1. You are the coordinator of a nonprofit that distributes donated items to three local homeless shelters and want to figure out a way of distributing the donated items to the shelters who need it the most. Which of the following would most likely achieve your goal? Select the correct answer a. Send all the donations to the shelter that has the least. b. Divide the donations evenly among the three shelters. c. Ask shelters to submit their requests, and decide what to send where based on their answers. d. Offer each shelter a virtual "budget" and have them bid on different items. 1.1 Which of these best represent a planned approach and which best represent a market approach? Divide the answer into two groups (planned and Market approach) a. send all the donations to the sheller that has the least b. ask sellers to submit their request and decide what to send where based on their answers c. divide the donations evenly among the three shellers d. offer each sheller a…Discuss the importance of transaction costs. How are businesses harnessing the power of network effects during the COVID-19 pandemic?
- Sub : EconomicsPls answer very fast.i ll upvote correct answer . Thank You The figure below shows the market for water-skiing permits on Shuswap Lake in British Columbia. Every person who wishes to water ski must obtain a permit, which is valid for one day. Suppose that each water skier imposes a $4 negative externality on other people who use the lake.How does United Airlines Company implement Social media strategy and zones?Target produces a good with significant network externalities. The willingness to pay equation is p = 1 – q + 2.5q2 . Show on the graph the firm’s demand curve at each price from 0 < P < 3. What three equilibrium values of q may result if Firm A sets a price of $1.5? Indicate them on your graph. [the quadratic equation helps you solve for one of them.] Are the equilibria you identify stable? Does stability matter to Acme?
- Question 2: The concept of _____ is based on the idea that the value of a network will increase when others share it, and refers to the ways that higher or wider usage of certain products or services confers greater value for all users. A Network webbing B Network effect C Intra-networkQuestion 1: Albarran – Chapter 3 Individuals make many _____ decisions related to media products and services based on their discretionary income as well as their time. A allocation B network C diversifiedQ 1(a) Critically evaluate FIVE economic characteristics of information. Q 1(b) The term Web 2.0 which came to prominence in 2004, labels the second wave of innovation and evolution occurring on the internet. Analyse THREE characteristics that are unique to Web 2.0
- A firm is considering building a two-way network that links 12 users. The cost of building the network is $10,000. a. How many potential connection services does this network provide? b. If each user is willing to pay $150 to connect to the network, will the firm profit by building the network? c. If each user is willing to pay an average of $12 for each potential connection service provided by the network, will the firm profit by building the network? d. What happens to the number of potential connection services if one additional user joins the network?Are companies responsible for ensuring consumers understand can distinguish be- tween sponsored content and other content? Explain.A local drama company proposes a new neighbourhood theatre in Vancouver. Before approving thebuilding permit, the city planner completes a study of the theatre’s impact on the surroundingcommunity.a. One finding of the study is that theatres play very loud music, which adversely affects thecommunity. The city planner estimates that the cost to the community from the extra traffic is$7 per ticket. What kind of an externality is this? Why?b. Graph the market for theatre tickets, labelling the demand curve, the social-value curve, thesupply curve, the social-cost curve, the market equilibrium level of output, and the efficient levelof output. Also show the per-unit amount of the externality. c. On further review, the city planner uncovers a second externality. Rehearsals for the plays tendto run until late at night, with actors, stagehands, and other theatre members coming and goingat various hours. The planner has found that the increased foot traffic improves the safety of…
