What Is a Network Externality

question 23

Essay

What is a network externality?

---

Definitions:

Advanced Directives

Legal documents that allow individuals to specify their preferences regarding medical treatments and interventions in advance, should they become unable to make decisions for themselves.

Living Wills

Legal documents detailing a person's preferences regarding medical treatments and interventions in the event they become incapable of expressing consent.

Mechanical Respiration

A medical process of supporting a person's breathing using mechanical ventilatory support.

American Medical Association

A leading professional group for doctors in the United States, focused on promoting the art and science of medicine and the betterment of public health.