Network Externalities

question 82

Multiple Choice

Network externalities

• A)can only exist when there are economies of scale.
• B)prevent the dominance of a market by one firm.
• C)exist when the usefulness of a product increases with the number of consumers who use it.
• D)are created when celebrity endorsements of products lead to a surge in the demand for those products.

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Definitions:

Mortification Rituals

Practices within a culture that involve symbolic acts of suffering or humiliation as a form of punishment or spiritual cleansing.

Purification Rituals

Ceremonial acts performed to cleanse or purify persons, objects, or places, often with spiritual significance.

Self-gifting

The act of buying oneself gifts to reward personal achievements or improve mood.

Regifting

The act of giving someone a gift that was previously received from someone else, often considered a practical solution or a social faux pas.