A Network Externality Is an External Cost or Benefit Generated

question 8

Multiple Choice

A network externality is an external cost or benefit generated from the

• A) network effect.
• B) virtuous cycle.
• C) consumption of a network good.
• D) production of a network good.

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Definitions:

Columbian Period

The era in history following the arrival of Christopher Columbus in the Americas in 1492, marking the beginning of widespread European exploration and colonization.

Trade

The exchange of goods and services between people or entities, often in exchange for money, which is a fundamental aspect of economic activity and interaction.

Pueblos

Indigenous communities in the Southwestern United States, known for their unique adobe and stone dwellings and rich cultural heritage.

Mississippians

Residents or natives of Mississippi, a state in the southern United States known for its rich cultural heritage, historical significance in the civil rights movement, and agricultural output.