Which statement is TRUE?
A) Network goods are sold mostly in price-taker markets.
B) The network good is always the "best" good.
C) Monopolies may sell network goods.
D) All of these statements are true.

Question

Quizplus · Accepted Answer

Monopolies can sell network goods since they have control over the production and distribution of the good. A network good is not necessarily always the "best" good, and it can be sold in both price-taker markets and markets with some degree of monopoly power.

Which Statement Is TRUE