If a Product's Usefulness Increases with the Number of Users,it

question 110

Multiple Choice

If a product's usefulness increases with the number of users,it:

• A)has network externalities.
• B)is a monopoly.
• C)is a conglomerate.
• D)has an exclusive franchise.

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Definitions:

Homesteads

Small-scale agricultural estates typically run by a family or individual.

Tejanos

People of Mexican heritage who live in Texas, historically established prior to the state's independence from Mexico.

Anglos

A term often used to describe English-speaking people, particularly of British or American descent, in contexts where cultural or linguistic distinction is emphasized.

Gold Rush

The massive migration of Americans into California territory in the late 1840s and 1850s in pursuit of gold, which was discovered there in 1848.