Economics of Network Industries MCQs and Notes
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Q 1. Which of the following is NOT an issue involving network externalities?
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Q 2. The profit level of a bank declines when it makes its ATMs available for the customers of a competing bank.
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Q 3. Selling to libraries yields a higher profit to the publisher than selling directly to readers when:
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Q 4. An increase in journal photocopying _ library’s value and hence funding, which in turn allows journal publishers to increase subscription fees.
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Q 5. The amount of uncaptured consumer surplus when information is digital exceeds the amount of uncaptured surplus when information is printed
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Q 6. Under either vertical or horizontal information reproduction, total surplus enjoyed by the η consumers is _.
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Q 7. Section 170 of Copyright Act states: “the fair use of copyrighted work ... for purposes such as criticism, comment, newsreporting, teaching (including multiple copies for classroom use), scholarship, or research, is an infringement of copyright.”
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Q 8. Information is reproduced if each agent (the provider and each consumer) makes one copy for the benefit of another consumer.
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Q 9. In order to ensure that foreclosures will not take place, regulators should allow all service providers to sell the entire variety of telecommunication, broadcasting, and Internet services.
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Q 10. In _ the government fails to extract all the rents associated with giving away the frequency band to the private sector.
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