When consumer preferences exhibit international network externalities, both countries are better off when both countries mutually recognize foreign standards than when both countries do not recognize foreign standards.

Related MCQs

• When users’ preferences exhibit network externalities, and if computer brands are differentiated and incompatible, then                       _
• When users’ preferences exhibit network externalities,                                
• Which of the following is NOT an issue involving network externalities?
• Which of the following is NOT an issue involving network externalities?
• Which of the following is a general policy issue surrounding the issue of network externalities?
• Information is reproduced if each agent (the provider and each consumer) makes one copy for the benefit of another consumer.
• In order to connect each consumer to the network of services, the monopoly has to spend μ units of money, where _ .
•                             _ occurs when a new technology replaces an old technology, but the old technology yields a higher utility (or profit) to both users than the new technology.
• Network industries does not include                       _
• The amount of uncaptured consumer surplus when information is digital exceeds the amount of uncaptured surplus when information is printed