menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Principles for a Changing World
  4. Exam
    Exam 14: Network Goods
  5. Question
    An Industry Standard Is
Solved

An Industry Standard Is

Question 129

Question 129

Multiple Choice

An industry standard is


A) the highest-quality product in the market.
B) the goal toward which all firms strive.
C) a common format used by multiple firms.
D) a common system of measurement.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q124: (Figure: Goods with Fixed Capacities) The graph

Q125: Getcha-There-In-One-Piece Airlines offers a loyalty program that

Q126: The tipping point on a network demand

Q127: The costs of regulation can be substantial

Q128: Greyhound Lines offers a discount for tickets

Q130: Explain how a network effect can lead

Q131: The short-run supply curve for a network

Q132: The network demand curve is negatively sloped.

Q133: (Table: Online Dating Web Sites) From

Q134: The short-run supply curve for a network

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines