A Network Good Is a Good Whose Value to One

question 58

Multiple Choice

A network good is a good whose value to one consumer:

• A) increases the network of the consumer.
• B) increases some, but decreases in value as other consumers use the good.
• C) also creates the same value to other consumers as they use the good.
• D) increases the more that other consumers use the good.

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Definitions:

Marcus Spiegel

A Union officer during the American Civil War known for his letters detailing his experiences and viewpoints throughout the conflict.

German Immigrant

An individual who has relocated from Germany to another country, often contributing to the socio-economic and cultural fabric of the new community.

Civil War

A war between citizens of the same country. In the United States, it refers to the conflict from 1861 to 1865 over issues including states' rights and slavery.

Abolish Slavery

The act of formally ending the practice of enslaving people, as achieved in the United States through the 13th Amendment in 1865.