Which Condition Is Required for a Network Good to Succeed

question 136

Multiple Choice

Which condition is required for a network good to succeed over a better good in the market?

• A) The network good should have a minimal number of consumers so that customers are not competing for the same network.
• B) The network good should have a much larger number of consumers or users than the better good.
• C) The network good should be a free good.
• D) All of these conditions are required.

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Definitions:

Information Exchange

The process of transferring information from one entity to another, which can occur through various means such as verbal, written, or electronic communication.

AIDA Format

A marketing model that stands for Attention, Interest, Desire, and Action, used to guide the content of advertising and marketing materials.

Application Letter

A cover letter that goes along with a résumé, explaining to the recipient what is being sent, the purpose behind sending it, and the advantages they can gain by reviewing it.

AIDA Plan

A marketing strategy model that stands for Attention, Interest, Desire, and Action, used to guide advertising and sales tactics.