Situations in which the more users of a product there are, the more useful the product becomes are called:
A) network effects.
B) monopolies.
C) conglomerates.
D) exclusive franchises.

Question

Quizplus · Accepted Answer

Network effects are situations where the value of a product or service increases as more people use it. This is because more users create a larger network or community, which in turn leads to more opportunities for interactions and benefits for the users. Monopolies, conglomerates and exclusive franchises are not related to this specific phenomenon.

Situations in Which the More Users of a Product There