What would you call a market that has a small number of powerful sellers?An oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence.
Which statement best describes the relationship between network effects and Innovation Group of answer choices?Which statement best describes the relationship between network effects and innovation? Network effects decrease innovation within a standard but increase the number of innovative offerings that compete against a strongly established standard.
Is the relative ability of parties in a situation to exert influence over each other *?Bargaining power is the relative ability of parties in an argumentative situation (such as bargaining, contract writing, or making an agreement) to exert influence over each other.
When two or more markets once considered distinctly separate begin to offer similar features and capabilities it is called?When two or more markets, once considered distinctly separate, begin to offer similar features and capabilities, they are said to undergo convergence.
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