Multiple Choice
How do network effects benefit established businesses?
A) It allows consumers to find a variety of goods and services in one place.
B) Transportation costs are decreased, and the concentration of many people and firms in a particular area leads to greater innovation by existing firms and new ones.
C) It doesn't benefit established businesses.
D) It allows the established business to learn about its competitors, thus allowing it to lower prices and compete more effectively.
Correct Answer:

Verified
Correct Answer:
Verified
Q41: Dividing the overall annual income of a
Q42: A more recent development strategy is called
Q43: Defining poverty as having a comparatively low
Q44: What impact does import substitution have on
Q45: Although state planning increased production, the failure
Q48: In recent decades, the World Bank shifted
Q49: The Gender Development Index, published by the
Q50: In terms of its early economic development,
Q51: What have been some of the historical
Q56: Which of the following statements is false?<br>A)There