If consumers desire choice
A) network effects with be minimized.
B) network effects are enhanced.
C) networks shift back to a previous technology.
D) government will regulate variety.
QUESTION 2The demand curve for human organs is upward sloping.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 3_____ represents a firm's demand curve for labor.
a. The value of marginal product
b. Marginal product
c. Marginal revenue curve
d. The horizontal line at the market wage rate
QUESTION 4QWERTY
A) is the government agency charged with regulating the internet.
B) is an example of a network.
C) a cable system prior to VHS.
D) none of these choices.
QUESTION 5Unlike those enrolled in a PPO, patients in an HMO can generally opt for nonparticipating physicians.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 6A competitive firm hires workers as long as:
a. marginal product of labor is positive.
b. value of marginal product of labor is positive.
c. marginal product of labor is greater than the wage rate.
d. value of marginal product of labor is greater than the wage rate.
QUESTION 7Network affects can be present when the
A) internet was initially open to everyone.
B) costs of production are low relative to the cost of distribution.
C) cost of production are low relative to the costs of rent-seeking.
D) costs of distribution are low relative to the costs of production.
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