Network Externalities Exist When a Good's Value to the Consumer

question 230

Multiple Choice

Network externalities exist when a good's value to the consumer rises as:

• A)the number of people who use the good increases.
• B)the number of people who use the good decreases.
• C)the number of people who use the good remains constant.
• D)technology improves.

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Definitions:

Experimental Design

The blueprint for conducting a scientific study to ensure that it is valid and reliable; it includes planning, conducting, and analyzing an experiment.

Two-by-two

A 2x2 matrix or table used to categorize or compare data points based on two binary criteria, often used in research for analysis or decision-making.

Online Experiments

Research experiments conducted over the internet, allowing for widespread participation and data collection from diverse populations.

Online Surveys

Surveys distributed and completed over the internet, allowing for a wider reach and often, quicker responses.