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:

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A subculture whose values and norms of behavior differ substantially from those of mainstream society, often in opposition to prevailing social norms.

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The rights and liberties an individual enjoys, enabling them to act according to their own will, free from undue restraint or coercion.

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A decade marked by significant social, political, and cultural change worldwide, including the civil rights movement, the Vietnam War, and the rise of counterculture.

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Political philosophies or movements that advocate for fundamental and transformative changes to society, often opposed to the established social order and mainstream ideologies.