For a Good with Network Externalities, the Number of People

question 13

True/False

For a good with network externalities, the number of people who are willing to buy a unit of the good is uniquely determined by the price.

---

Definitions:

Class B

Often used in categorization systems to denote a second or intermediate quality, level, or grouping.

Absolute Frequency

The total count of occurrences of a specific event or characteristic in a given dataset.

Median

The middle value in a set of data when it is ordered in numerical sequence, or the average of the two middle values when the set has an even number of values.

Average

A statistical measure that summarizes a data set by dividing the sum of all values by the number of values.