For Network Externalities to Occur

question 63

Multiple Choice

For network externalities to occur,

• A)the government has to create new laws.
• B)deadweight loss must be minimized.
• C)there must be a critical mass of users.
• D)there must be a positive benefit to society.

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Definitions:

Basic Propositions

Fundamental statements or principles that form the basis for a system of belief or reasoning.

Proactive Personalities

Individuals who actively shape their environments, taking initiative to improve their situation rather than passively adapting to circumstances.

Traits

Enduring characteristics or qualities that define an individual's behavior.

Achievement-oriented

Having a strong desire or determination to achieve success or accomplish specific goals, often through significant effort.