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For a certain good, if there is a one-time fixed cost for a consumer to switch to a different firm in a later time, then we say this good is ____ (or has property ___). Examples include

  • Consumer: House renter
  • Firm: Landlord
  • Good: Stays in a house
  • One-time Cost: Moving cost
  • Consumer: Mobile phone user
  • Firm: Wireless carrier
  • Good: Uses of phone over a carrier network
  • One-time Cost: New account activation fee
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The good has a switching cost / is subject to a switching cost. Rarely used: it is a Diamond good. (Referring to the Diamond 1971 paper.)

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