- Which statements accurately explain why regulatory breakup of digital firms is likely to be ineffective?Multiple select question.Digital industries have a tendency to be highly concentrated.Digital industries have a tendency to become less concentrated over time.The individual firms would change, but the industry would retain the same level of concentration.Companies in digital industries become obsolete and disappear rapidly before they can develop monopoly power.Positive network effects would reconcentrate the industries over time.
- An imposed law on drivers under the age of 21 who have a BAC of .01 percent or more is called:A. intoxicated per seB. zero toleranceC. drunk drivingD. drugged driving
- On average, one alcohol-impaired driving fatality occurs every:A. 48 minutesB. 50 minutesC. 58 minutesD. 60 minutes
- Can you see the confidence intervals if you hover over a linear trend line?
- Most pedestrian collisions occur:A. during rush hourB. at marked crossingsC. at intersectionsD. during normal weather
- Intoxicated per se means that:A. a driver is drinking alcoholB. a driver is above or at the legal limit for BACC. a driver has taken a preliminary breath testD. a driver is ill due to an intoxicating drug
- How many drivers are killed each year due to alcohol-impaired crashes?A. under 10,000B. 17,000C. 20,000D. Over 10,800
- On what three counts did European antitrust regulators recently find Google guilty?Multiple select question.Using the dominance of its Windows operating system in the personal computer market to give its own web browser, Internet Explorer, a significant market advantage over competing web browsersUsing its dominance in Internet search services to favor its own online marketplaceUsing its dominance in search advertising to coerce advertisers into not placing ads on rival ad networksUsing its dominant market position to charge high prices for its services and apps that it had promised customers would be freeUsing the dominant position of its Android operating system for smartphones to favor various Google services and apps over similar products offered by rivals
- Why is government intervention to break up dominant digital firms likely to be ineffective over time?Multiple choice question.Digital industries have such evenly disbursed power that truly dominant firms rarely materialize.Positive network effects will eventually reconcentrate the industry.correctNegative network effects will break up the industry repeatedly without intervention.Ownership of most digital firms is disbursed internationally, making it difficult for one government to effectively regulate them.
- Which functions have an 'in/out' feature
- Select all of the statements that accurately describe the debate over whether or not Internet firms should be regulated.Multiple select question.The practices of large Internet firms tend to harm consumers more than competitors, suggesting monopolistic power.Power is concentrated in the hands of a few firms, suggesting monopolistic power.Companies do not restrict production to drive up prices, suggesting that there is no monopolistic power.Most products are provided to consumers at no cost, suggesting that there is no monopolistic power.Firms can use their huge market share to harm competitors, suggesting that they may have monopolistic power.
- What occurs when an increase in the size of a network connected to a digital platform causes either benefits or harm to the members of that same network regardless of anything that may be going on within other networks connected to the platform?Negative network effectIndirect network effectDirect network effectPositive network effect
- What is the formula for the number of connections in a network with n users?Multiple choice question.2n(n−1)(n−2)n(n−1)/2(2n−1)/2
- How does multi-homing factor into the contestability of Internet industries?Multiple choice question.Multi-homing decreases contestability, unless a leading product has many users.Multi-homing increases contestability, unless a leading product has many users.Multi-homing decreases contestability even when a leading product has many users.Multi-homing increases contestability even when a leading product has many users.
- What happens if an online platform charges one group of users a fee that makes some of those users leave the platform?Users in other groups will leave as well.Users in other groups will be unaffected.There will be an increase in users from other groups.Users in other groups will be more willing to pay a fee.
- What do network effects mean for the largest network in a category, all other things being equal?It will be the least attractive network for both current and future users.It will be the most attractive network for both current and future users.It will be attractive to future users but unattractive to current users.It will be attractive to current users but unattractive to future users.
- Which choices accurately describe how different customer groups affect the decisions of digital platforms?Multiple select question.When digital platforms charge one customer group, they must consider how it will affect other groups.Digital platforms are legally obligated to charge all user groups the same fees.Customers in a group paying no fees may leave when a platform charges fees to another group.The number of users in one customer group on a digital platform are uninfluenced by the number of users in other groups.It is nearly impossible to simultaneously maximize all user groups on a platform.
- Which of the following choices is an indication that leading Internet firms do not exercise monopoly power?Multiple choice question.There is little consumer surplus being created.No firm controls a majority of the market share.Most of their products are priced at zero.Efficiency losses are common.
- After careful analysis, why do some online platforms choose to offer their main products or services at no charge to customers?Multiple choice question.To maximize profitsTo meet government mandatesTo minimize costsTo avoid placing advertising on their products
- What is a digital platform?A negative network effect that occurs if a network that has capacity limits becomes filled past those capacity limitsAn increase in the value of a product to each user, including existing users, as the total number of users risesA group of people who are connected to each other by a service or piece of infrastructure that facilitates flows of goods, services, or informationAn Internet website or software application (app) that facilitates interactions between two or more distinct but interdependent sets of users