Under either vertical or horizontal information reproduction, total surplus enjoyed by the η consumers is                                         _.

Related MCQs

• The amount of uncaptured consumer surplus when information is digital exceeds the amount of uncaptured surplus when information is printed
• Entry into the telecommunication industry                  the utility of the already connected consumers whereas the utility of newly connected consumers _.
• The firm with the higher market share under incompatibility earns _ under incompatibility whereas the firm with the smaller market share under incompatibility earns _ under compatibility.
• When consumers are not identical, a market failure may occur when
• An increase in consumers’ preference for variety of software .
• Support-oriented consumers would prefer buying software over pirating software                                 .
• The at a price (connection fee) p0 is the minimal number of customers needed to ensure that at least this number of consumers will benefit from subscribing to the service at the fee p0.
• Information is reproduced if each agent (the provider and each consumer) makes one copy for the benefit of another consumer.