Increases in the Value of the Product to Each User

question 28

Multiple Choice

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

• A) network effects.
• B) simultaneous consumption.
• C) learning by doing.
• D) the spreading of development costs.

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Definitions:

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A state statute under which certain types of contracts must be in writing to be enforceable.

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