What Is a Network Externality

question 193

Multiple Choice

What is a network externality?

• A)It refers to having a network of suppliers and buyers for a good or service.
• B)It refers to lobbying to form a public enterprise.
• C)It refers to a situation in which a product's usefulness increases with the number of people using it.
• D)It refers to a product that requires connection to a network for it to be useful.

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Definitions:

Hypertension

A medical condition characterized by high blood pressure, which can lead to serious health complications if left untreated.

Shyness

A temperament or personality trait characterized by feelings of apprehension, lack of confidence, or nervousness in social situations.

Overeating

Consuming food in quantities greater than the body’s energy requirements.

Deprivation Dwarfism

A condition caused by extreme emotional or physical deprivation during childhood, resulting in stunted physical growth.