A Classic Example of Network Externalities, Illustrating That the Value

question 33

Multiple Choice

A classic example of network externalities, illustrating that the value of a product is a direct function of the number of users, is

• A)fashion items.
• B)the automobile.
• C)the telephone.
• D)public transport, such as the train.

---

Definitions:

Homology

The existence of shared ancestry between a pair of structures, or genes, in different species.

Reversal

The act of changing direction, position, or an earlier decision, often used in various contexts including behavior, decision-making, and physical movements.

Linnaean Categories

Hierarchical levels of classification in biology developed by Carl Linnaeus, including kingdom, phylum, class, order, family, genus, and species.

Hierarchical

Describing a system or organization in which people or groups are ranked one above the other according to status or authority.