Examlex
Which of the following characteristics is not true of closed-end funds?
Bandwagon Effect
Positive network externality in which a consumer wishes to possess a good in part because others do.
Network Externalities
Benefits or detriments to a product's value that result from the number of users the product has.
Negative Network Externalities
Adverse effects on a user of a product or service because the number of other users is too large or incompatible in some way.
Snob Effect
A phenomenon where the demand for a particular good increases as the price increases because the good is perceived as exclusive or high-status.
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