Multiple Choice
When a virtuous cycle is impacting the market for a network good
A) output rises beyond equilibrium, allowing the firm to earn extra profits.
B) the demand curve is shifts to the left.
C) the firm is viable and able to expand and gain value due to network effects.
D) there is momentum for the firm to expand rapidly to reach its tipping point.
Correct Answer:
Verified
Correct Answer:
Verified
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