A Network Externality Exists

question 179

Multiple Choice

A network externality exists

• A)in the television industry
• B)outside the television industry
• C)whenever an increase in the size of a network increases its value to current and potential members
• D)whenever an increase in the size of a network increases its average total cost of production
• E)whenever an increase in the size of a network increases its total cost of production

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Definitions:

Subculture Elitism

The belief or attitude that one's own subculture is superior to others, often leading to exclusivity and discrimination.

Warfare among Subcultures

The conflicts or competition occurring between different subgroups within a broader culture, often marked by differing values or beliefs.

Virtual Organizations

Organizations that operate primarily through digital or electronic means, enabling remote work, digital collaboration, and operations without a fixed physical presence.

Value-Added Subcontractors

Subcontractors who not only provide services or products but also contribute additional value to the contracting company's project or process.