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mbowdish mbowdish
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5 years ago
A network effect arises whenever

• firms in an oligopolistic industry engage in a zero-sum game.

• a consumer's willingness to purchase a good or service is influenced by how many others also buy or have bought the item.

• firms in an oligopolistic industry engage in limit pricing.

• a producer's willingness to produce a good or service is influenced by how many other firms also produce or have produced the item.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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JennyyyJennyyy
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5 years ago
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mbowdish Author
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5 years ago
Correct Slight Smile TY
kh540941
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Yesterday
Good timing, thanks!
MLynneMcMillan
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2 hours ago
Helped a lot
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