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:

Eighteenth Century

The period from 1701 to 1800, marked by significant historical, cultural, and social changes globally.

Linguistic Diversity

The range of different languages spoken within a specific area or among a population.

American Colonial Politics

The policies, governance, and political affairs in the American colonies, particularly related to their relations with the British crown before independence.

British Politics

The study and practice of governance, political structure, and political issues in the United Kingdom.