Multiple Choice
The value of a network
A) is related to how many are in the network.
B) is not related to how many are in the network.
C) is related to its impact on diminishing marginal returns.
D) none of these choices.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: In the knowledge economy<br>A)physical property rights appear
Q31: For patents to be effective<br>A)small networks.<br>B)network externalities
Q32: Increasing returns<br>A)causes marginal cost to remain constant.<br>B)causes
Q33: Dominant firms tend to lag in innovation
Q34: Knowledge has become measurably more important in
Q35: Knowledge workers have<br>A)relatively less bargaining power.<br>B)relatively more
Q37: Diminishing marginal returns to labor means<br>A)that each
Q38: The information content of a product can
Q39: If increasing returns is in effect<br>A)average costs
Q40: If marginal costs are falling and below