Network Externalities

question 82

Multiple Choice

Network externalities

• A)can only exist when there are economies of scale.
• B)prevent the dominance of a market by one firm.
• C)exist when the usefulness of a product increases with the number of consumers who use it.
• D)are created when celebrity endorsements of products lead to a surge in the demand for those products.

---

Definitions:

Transnational

Operations, influences, or activities that cross or extend beyond national boundaries.

Universal Meaning

A concept, symbol, or idea that is understood in the same way by all people, regardless of their cultural or linguistic background.

Informal E-Mail

A type of electronic communication that is not bound by formalities, often used for casual or personal interactions.