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Network Externalities Exist When a Product or Service Becomes Less

question 69

True/False

Network externalities exist when a product or service becomes less expensive as more people use it.


Definitions:

Promissory Note

A written promise to pay a specified amount of money to a person or entity under agreed conditions.

Holder in Due Course

A legal term referring to a person who has received a negotiable instrument in good faith and for value, thereby having certain protections against defects in the instrument's title.

Shelter Rule

A legal principle in commercial law that allows a person who acquires goods in good faith to obtain certain rights even if the transferor of those goods did not have authority to sell.

Negotiation

A dialogue between two or more parties, aimed at reaching a mutual agreement or resolving a dispute over a particular issue or contract.

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