A Network Externality Occurs When

question 268

Multiple Choice

A network externality occurs when

• A) there is production cost savings from being networked with suppliers.
• B) there is production cost savings from being networked with buyers.
• C) the usefulness of a good is affected by how many others use the good.
• D) the usefulness of a good is affected by celebrities who use the good.

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Definitions:

Unrepresentative Data

Data that does not accurately reflect the whole or relevant population, leading to biased conclusions.

Transitional Phrase

Words or expressions used to provide a smooth flow from one idea or paragraph to another in writing.

Explanation

A statement or account that makes something clear by describing the relevant details or reasons.

Talking Headings

Talking Headings are summarized headers that guide the reader through a document, often used to make written information more engaging and easier to follow.