The Term ________ Means the More People Use a Site

question 42

Multiple Choice

The term ________ means the more people use a site, the more value it has, and the more people will visit.

• A) par value
• B) vendor's value
• C) enterprise use value
• D) use increases value
• E) popularity driven

---

Definitions:

Elastic Demand

A situation where the demand for a product or service significantly changes in response to price fluctuations, with greater sensitivity indicating higher elasticity.

Single Price

A market condition where a good or service is sold at the same price to all customers, regardless of purchase quantity or location.

Nondiscriminating Monopolist

A monopolist that charges the same price to all customers, as opposed to engaging in price discrimination where different prices are charged to different customers.

Natural Monopoly

A market condition where due to high fixed or startup costs, a single firm can supply a good or service to an entire market at a lower cost than multiple companies.