Network Externalities

question 82

Multiple Choice

Network externalities

• A)can only exist when there are economies of scale.
• B)prevent the dominance of a market by one firm.
• C)exist when the usefulness of a product increases with the number of consumers who use it.
• D)are created when celebrity endorsements of products lead to a surge in the demand for those products.

---

Definitions:

Long-Term Memories

Memories that can be retained for extended periods of time, ranging from several days to decades, including experiences, knowledge, and skills.

Misleading Questions

Questions that are framed in a way that assumes unverified information or contains inherent biases, often leading the respondent to a false conclusion.

School Bus

A vehicle specifically designed and used for transporting students to and from school or school-related activities, distinguishable by its yellow color and safety features.

Automobile Accident

An unexpected and undesirable event, often involving a collision, that occurs when a vehicle strikes another vehicle, object, or person.