Increases in the Value of a Product to Each User

question 224

Multiple Choice

Increases in the value of a product to each user, including existing users, as the total number of users rises are called

• A) information cascades.
• B) learning effects.
• C) network effects.
• D) scale economies.

---

Definitions:

Private Networks

Networks that are restricted to select users through secure means, often used by organizations to safeguard sensitive information and communications.

Public, Specialized Networks

Networks designed for open public access or specifically tailored for particular sectors or purposes.

General-purpose Networks

Networks designed for a broad range of activities or uses, not limited to a specific function or application.

Mimicking Conversation

The act of imitating or reproducing a dialogue or discourse in a way that closely resembles the original conversation.