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Question 1: Whatsapp is a leader in the market for instant messaging applications. Most instant messaging applications like WhatsApp require that both message senders and

Question 1: Whatsapp is a leader in the market for instant messaging applications. Most instant messaging applications like WhatsApp require that both message senders and receivers are using the same app. Which of the following factors best explains the course of market power for instant messages apps like what'sapp?Control of natural resourcesCopyright protection Network externalitiesEconomics of scale

$12 $11 $10 $9 Price $1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 Quantity The diagram given above demonstrates the demand for monthly ebook rentals. Assume allowing another user to download the ebook is costless. What is the quantity demanded at the efficient price for consumption? 6 12 Cannot be determined

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