Classify each of the items based on if it is true of network goods or not. True of network goods Not true of network good Answer Bank Network goods are always high tech. Competition is for the entire market instead of within a market. The good with the highest quality always captures the majority of the market. The anti-trust implications of the network good model are the same as for natural monopolies The utility of one consumer depends on choices of other consumers. Firms that dominate the market for a network good often make it easy for consumers to switch between standards. A single standard is often more profitable for all firms than dueling standards Goods are usually priced above marginal cost