"Network Externalities" Refer To

question 46

Multiple Choice

"Network externalities" refer to:

• A)The benefits that firms derive from using social networks (such as Facebook and Google+)in their marketing
• B)The value that the user of a product derives from the number of other users of the same product
• C)The costs and benefits that are borne by or received by society as a result of the actions of a business enterprise
• D)The consequences of platform-based competition

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Definitions:

Posterior Pituitary

Portion of the pituitary gland that stores and secretes oxytocin and antidiuretic hormone produced by the hypothalamus.

Positive Feedback

Mechanism of homeostatic response in which the output of the system intensifies and increases the activity of the system.

Negative Feedback

Mechanism of homeostatic response by which the output of a system suppresses or inhibits activity of the system.

Metabolic Rate

The rate at which energy is expended by the body to maintain basic physiological functions and to perform activities.