Information is reproduced if each agent (the provider and each consumer) makes one copy for the benefit of another consumer.

Related MCQs

• The amount of uncaptured consumer surplus when information is digital exceeds the amount of uncaptured surplus when information is printed
• In order to connect each consumer to the network of services, the monopoly has to spend μ units of money, where _ .
• 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.
• The profit level of a bank declines when it makes its ATMs available for the customers of a competing bank.
• The duration of each technology, Δ,                              with the population size of each generation, η, and with the technology-growth parameter, λ.
• 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.
• Under either vertical or horizontal information reproduction, total surplus enjoyed by the η consumers is                                         _.
• Cable television and air-traffic control are similar to each other because both of them are
• When there are two software industries, each producing brand-specific software, an increase in the degree of compatibility of the A- machine with the software written for the B- machine,
• The duration of each technology, Δ,