What Is a Network Externality

question 193

Multiple Choice

What is a network externality?

• A)It refers to having a network of suppliers and buyers for a good or service.
• B)It refers to lobbying to form a public enterprise.
• C)It refers to a situation in which a product's usefulness increases with the number of people using it.
• D)It refers to a product that requires connection to a network for it to be useful.

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Definitions:

Pair-Bonding

The establishment of a sustained social and emotional relationship between two individuals, often involving mutual support and attachment.

Mammary Glands

Specialized organs in mammals that produce milk to nourish newborns.

Critical Period

A specific time in an organism's life span when it is particularly responsive to certain forms of environmental stimuli.

Sensitive Period

A specific time frame during development when the organism is particularly responsive to environmental stimuli.