Direct Network Externalities Exist If Product Sales Are Dependent On

question 29

Multiple Choice

Direct network externalities exist if product sales are dependent on:

• A) sales of complementary products.
• B) sales of competitive products.
• C) the number of people that have adopted the product.
• D) the primary demand for other older products.

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Definitions:

Real GDP

The calculation of a nation's economic production, accounting for variations in prices due to inflation or deflation, to represent the actual value of goods and services generated.

Real Terms

Adjusted for inflation, reflecting the actual purchasing power of money.

Real GDP Per Capita

A measure that adjusts Gross Domestic Product (GDP) for inflation and divides it by the total population, reflecting the average economic output per person.

Consumer Purchases

Transactions involving individuals buying goods and services for personal use from producers or vendors.