In This Chapter, the Term Positive Network Externality Describes

question 4

Multiple Choice

In this chapter, the term positive network externality describes:

• A)the positive effect of consuming chocolate as income rises.
• B)the snob effect.
• C)the bandwagon effect.
• D)the impact of a polluting firm on its local environment.

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Definitions:

Benefits

Advantages or positive outcomes that arise from a particular course of action, providing value to individuals or organizations.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for the specific purpose of increasing the effectiveness and efficiency of the organization.

Alternative Work Arrangements

Employment setups divergent from traditional models, often including remote work, flexible hours, and contract-based tasks.

Tethered

Being closely bound or connected to something, often indicating a reliance on or attachment to devices, concepts, or places.