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.

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Definitions:

Equivalent Job

Positions that are substantially similar in terms of responsibilities, skills required, working conditions, and compensation.

Paid Leave

A work policy that allows employees to take time off from their duties while still receiving their regular income, typically used for personal, medical, or family reasons.

Industrialized Countries

Nations that are characterized by a significant level of industrialization, economic development, and standard of living.

Telecommuters

Individuals who work remotely, often from home, using the internet, email, and telephone to perform their tasks.