Goods That Are Subject to Network Externalities Tend to Be

question 220

Multiple Choice

Goods that are subject to network externalities tend to be ones:

• A)for which the value of the good to an individual is lower when more people use it.
• B)that are land-intensive.
• C)for which the value of the good to an individual is higher when more people use it.
• D)for which one person owning the good enhances its value because it's the only one.

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Definitions:

Life Roles

The various parts individuals play in their daily lives, including personal, professional, social, and familial responsibilities.

Grandchildren

The children of one's own son or daughter.

Affection

A feeling of fondness or tenderness towards someone, which may be expressed through physical closeness or words.

Separation

The process or state of moving or being apart, whether physically, emotionally, or legally.