Which of the Following Refers to the Increase in the Usefulness

question 52

Multiple Choice

Which of the following refers to the increase in the usefulness of a product as the number of consumers who use it increases?

• A)positive externalities
• B)network externalities
• C)external marginal utility
• D)the impact of celebrity endorsements

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Definitions:

IQ

A measure of a person's intelligence as indicated by an intelligence test, expressed as a score adjusted for the person's age.

Adaptive Behavior

Actions that allow an individual to adjust effectively to changing conditions or to meet physical, social, or intellectual challenges.

Mental Retardation

An outdated and insensitive term for intellectual disability, which is characterized by significant limitations in both intellectual functioning and adaptive behavior.

Brain Damage

Physical injury to the brain that can result in impaired cognitive, physical, or emotional functioning.