Network goods differ from other types of markets studied in economics because th

Question

Network goods differ from other types of markets studied in economics because the ____ is different.
Question 25 options:  
1) demand curve  
2) horizontal axis  
3) supply curve  
4) vertical axis

Which of the following is NOT a type of network?
Question 26 options:  
1) physical  
2) mental  
3) social  
4) virtual

Which of the following has lost market share because of a vicious cycle?
Question 27 options:
1) calling cards  
2) Skype  
3) streaming video  
4) "Cloud" software

If Sandy joins Match.com, then the value of membership in Match.com _____ for Joanie, who is already a member, and _____ for Robert, who is considering joining.
Question 28 options:  
1) rises; rises  
2) rises; falls  
3) falls; rises  
4) falls; falls

A network good is one where the:
Question 29 options:  
1) cost to the user rises if there is a larger number of other users of the good.  
2) benefit to the user falls if there is a larger number of other users of the good.  
3) cost to the user falls if there is a smaller number of other users of the good.  
4) benefit to the user rises if there is a larger number of other users of the good.

Techniques used by firms to raise the switching costs for its customers are called:
Question 30 options:  
1) teaser strategies.  
2) product differentiation.
3) lock-in strategies.
4) lock-out strategies.

A strategy of making a single good in different versions to target different consumer markets with varying prices is:
Question 31 options:
1) a teaser strategy.
2) a lock-out strategy.
3) a lock-in strategy.  
4) market segmentation.

A network externality is an external cost generated from the:
Question 32 options:
1) network effect.
2) virtuous cycle.
3) consumption of a network good.
4) production of a network good.

Which of the following is NOT a network good?
Question 33 options:  
1) an ice cream sandwich
2) a fax machine
3) a personal digital assistant (PDA)
4) an iPad

People who use Sony's PlayStation 4 gaming system are members of a:
Question 34 options:
1) physical network.
2) mental network.  
3) social network.
4) virtual network.

Network demand curves:
Question 35 options:
1) are downward sloping.
2) slope downward at small quantities but, once the market matures, become upward sloping.  
3) slope upward at small quantities but, once the market matures, become downward sloping.
4) are upward-sloping.

Explanation / Answer

25

Demand curve

26

Mental

27

Calling cards

28

Rises,rises

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