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coolcat coolcat
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5 years ago
A network effect exists whenever

• a firm's willingness to produce a particular good or service is influenced by the costs of inputs it must utilize in order to manufacture the item.

• a firm's willingness to purchase a particular factor of production depends on the other types of inputs it utilizes to manufacture an item.

• a consumer's willingness to purchase a particular good or service is influenced by the prices of other complementary or substitute items.

• a consumerʹs willingness to purchase a particular good or service is influenced by how many others also buy or have bought the item.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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meigsflameigsfla
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5 years ago
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coolcat Author
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5 years ago
this is exactly what I needed
big_larry_samp
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Yesterday
Good timing, thanks!
Hellish Lover
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2 hours ago
This helped my grade so much Perfect
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