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Question
A network effect arises whenever
A) firms in an oligopolistic industry engage in limit pricing.
B) firms in an oligopolistic industry engage in a zero-sum game.
C) a consumerʹs willingness to purchase a good or service is influenced by how many others also buy or have bought the item.
D) a producerʹs willingness to produce a good or service is influenced by how many other firms also produce or have produced the item.
Answer
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Related questions
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