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.

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Definitions:

Default Off

A setting or condition where a system or device is off or inactive until activated by a specific command or action.

Spring-loaded

A mechanism or device that uses a spring to return to its original position after displacement.

Allison WT

refers to a series of automatic transmissions designed and produced by Allison Transmission for vehicles, especially trucks and buses, known for their reliability and efficiency.

Drop-box

A gearbox that alters the direction of drive, typically used in heavy-duty vehicles to transmit power from the engine to the axles.