Which statement is NOT a feature of markets for network goods?
A) Network goods are usually sold by monopolies or oligopolies.
B) Standard wars are common in establishing network goods.
C) Competition in the market for network goods is "in the market" instead of "for the market."
D) When networks are important, the "best" product may not always win.

Question

Quizplus · Accepted Answer

Competition in the market for network goods is typically "for the market" rather than "in the market," as firms compete to establish their product as the standard.

Which Statement Is NOT a Feature of Markets for Network