Which of the Following Best Reflects a Network Externality

question 64

Multiple Choice

Which of the following best reflects a network externality?

• A) Price of a good affecting a purchase decision.
• B) Number of other people purchasing the good influencing the quantity demanded.
• C) Proven quality of a product influencing the quantity demanded.
• D) Price of a related good affecting a purchase decision.

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Definitions:

Behavior Genetics

The study of the role genetic factors play in shaping behaviors, traits, and psychology.

Family Studies

An interdisciplinary academic field that examines family dynamics, relationships, and roles within cultural and societal contexts.

Dizygotic Twins

Also known as fraternal twins, they are siblings conceived separately and may or may not share the same gender, resulting from the fertilization of two different eggs by two different sperm.

Monozygotic Twins

Identical twins that develop from a single fertilized egg, sharing the same genetic materials.