Which of the Following Refers to the Increase in the Usefulness

question 52

Multiple Choice

Which of the following refers to the increase in the usefulness of a product as the number of consumers who use it increases?

• A)positive externalities
• B)network externalities
• C)external marginal utility
• D)the impact of celebrity endorsements

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Definitions:

Personality Trait

Enduring characteristics or qualities that describe an individual's consistent manner of behavior, feeling, and thought.

Predisposition

An inclination or tendency to behave in a particular way or to be affected by a particular condition.

Inconsistent

Exhibiting lack of regularity or steadiness; having elements that do not align or match.

Defect

A shortcoming, imperfection, or lack in a component, system, or person that may cause it or them not to meet certain standards.