Network Externalities Exist When

question 46

Multiple Choice

Network externalities exist when

• A)the value of a product for a customer lies in how many others he can connect to.
• B)the value of a product for a customer depends significantly on the number of other users of the same product.
• C)there are large benefits to other customers.
• D)there are huge drawbacks for other customers.

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Definitions:

Holistic

An approach or process that emphasizes the importance of the whole and the interdependence of its parts, typically used in contexts such as health, learning, and problem-solving.

Agonistic

Relating to a physiological response to a stimulus or to the competition between organisms for resources.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, especially the order of words.

Two-Word Phrases

Pairs of words combined to create a specific meaning or concept, often used in linguistics and study of syntax.