A Network Externality Refers to a Situation in Which the Usefulness

question 108

True/False

A network externality refers to a situation in which the usefulness of a product decreases with the number of consumers who use it.

---

Definitions:

Corporate Information

Data and details related to the operations, management, and financial status of a company.

Personal Benefit

An advantage or gain that accrues to an individual, often in a context where it might be considered ethically dubious or a conflict of interest.

Personal Liability

Legal responsibility of an individual to answer for debts, actions, or failures, potentially using personal assets to cover obligations.

Canada Revenue Agency

The federal agency that administers tax laws for the Government of Canada and for most provinces and territories.