Use the Table Below to Answer the Following Question

question 42

Multiple Choice

Use the table below to answer the following question.
Table 1A.2.3

-Refer to Table 1A.2.3.What type of relationship exists between w and u?

• A)positive
• B)negative
• C)direct
• D)No consistent relationship exists.
• E)first a positive relationship,then a negative one

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Definitions:

Network Effects

The phenomenon where a product or service becomes more valuable as more people use it.

Social Site

A website or platform where people can share their personal lives, opinions, or participate in networking activities.

Scarce Factor Of Production

An input required for the production process that is in limited supply, potentially constraining output.

Monopoly

A market framework in which there is only one seller offering a distinctive product to the market.