1

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.

Correct Answer: TRUE

Make the most of this question

This page focuses on one Economics of Network Industries question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

Economics of Network Industries MCQ: 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. | Extra Education