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:

Functionalism

A conceptual framework in sociology and anthropology, which sees society as an intricate system where its components function cooperatively to foster unity and maintain stability.

Insights

Deep understandings or intuitive apprehensions of the true nature of something, often gained through reflection or analysis.

Christian Nation

A descriptive term for a country or society where Christianity plays a dominant role in the government, culture, or national identity.

Religion in Canada

The diverse spectrum of religious beliefs, practices, and affiliations within Canadian society, characterized by a high degree of pluralism.