When are winner-take-all markets good for consumers?
A) When monopoly costs exceed the value of technological utility and network externality benefits.
B) When monopoly costs exceed the value of technological utility.
C) When the value of technology utility exceeds monopoly costs.
D) When the value of technology utility and network externality benefits exceeds monopoly costs.

Question

Quizplus · Accepted Answer

Winner-take-all markets are good for consumers when the value of technology utility and network externality benefits exceeds monopoly costs. In such a situation, consumers benefit from access to superior technology and services, as well as from the network effects that come with widespread adoption. Monopoly costs may still exist, but they are offset by the benefits that come with the winner-take-all market dynamics.

When Are Winner-Take-All Markets Good for Consumers