Network effects occur is the costs of production are lower than the costs of production.
Correct Answer:
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Q20: Network effects result from
A)entry barriers.
B)economies of scale.
C)standardization.
D)none
Q21: Many government regulations are law because small
Q23: Social regulations can create
A)a more competitive market
Q24: Tariffs and quotas are used to promote
Q26: Networks are the result of product differentiation.
Q27: Government regulations have little effect on the
Q28: Diversification is determined by adding value.
Q28: Antitrust laws were initially developed in the
Q29: Dumping refers to selling a product abroad
Q30: New social regulations usual are created as
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