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Which of the following statements is true if an industry exhibits indirect externalities (network effects)? Focal industry firms can capture most of buyer surplus. A

Which of the following statements is true if an industry exhibits indirect externalities (network effects)? Focal industry firms can capture most of buyer surplus. A focal industry monopolist can capture most of the economic value created in an economic transaction. Focal industry structure can be very attractive but focal industry firms must be price takers. Buyer WTP does not increase or decrease

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