In This Chapter, the Term Positive Network Externality Describes

question 4

Multiple Choice

In this chapter, the term positive network externality describes:

• A)the positive effect of consuming chocolate as income rises.
• B)the snob effect.
• C)the bandwagon effect.
• D)the impact of a polluting firm on its local environment.

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Definitions:

Ossicles

Three small bones in the middle ear that help in transmitting sound vibrations from the air to the fluid-filled cochlea.

Wavelength

The distance between successive crests of a wave, especially points in a sound wave or electromagnetic wave.

Sense of Color

is the capacity to perceive and distinguish between different colors, including their hues, saturation, and brightness, primarily mediated by the cone cells in the human eye.

Iris

The colored part of the eye that controls the size of the pupil and the amount of light that enters the eye.