The amount of uncaptured consumer surplus when information is digital exceeds the amount of uncaptured surplus when information is printed

Related MCQs

• Information is reproduced if each agent (the provider and each consumer) makes one copy for the benefit of another consumer.
• Under either vertical or horizontal information reproduction, total surplus enjoyed by the η consumers is                                         _.
• 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.
• In order to connect each consumer to the network of services, the monopoly has to spend μ units of money, where _ .