When the value of a product to each user, including existing users, increases due to an increase in the total number of users-as in the case of Facebook-we refer to this as
A)income transfer.
B)price discrimination.
C)simultaneous consumption.
D)network effects.

Question

Quizplus · Accepted Answer

This phenomenon is known as network effects, where the value of a product or service increases for both new and existing users as more people use it.

When the Value of a Product to Each User, Including