Exam 14: Network Goods

(Figure: Market Equilibrium for a Network Good) Based on the graph, the tipping point is at point

Cameron joins a sailing club. This generates network externalities for all

The equilibrium point created by a virtuous cycle will occur on or at which part of the network demand curve?

A network demand curve reflects the role that core users have in building the value of the network.

A network is influencing consumer behavior in each of these situations EXCEPT with

Network goods

Versioning is a type of

Explain how a food court at a mall benefits from network effects.

The ability to sign up for a 30-day trial of Hulu directly from one's TV is an example of a _____ strategy.

Microsoft Word is often available as a "student edition" at a lower price but with limited functionality. This is best described as an example of bundling.

The market equilibrium for a network good generally occurs _____ most network externalities are realized, on the _____ portion of the network demand curve.

(Figure: Network Market Demand Curve) The graph depicts a network market demand curve. Along the quantity axis (x axis), casual users fall on the _____ portion and core users fall on the _____ portion.

Standards wars are a common issue with network goods, and they occur because

Which of these is an example of interconnection?

Network externalities benefit the user who generates them, all other users, and potential users.

A pricing strategy that involves differentiating a good by the level of patience of consumers is

Which statement describes the normal pricing pattern for a network good?

Which of these is an example of a teaser strategy?

In network industries in which monopolies can be created, deadweight loss might be _____ if there is _____ interconnection.

A common format that is used in televisions is called an essential facility.