A fax machine is a network good because it becomes more useful when greater numbers of people have them.

Name: A fax machine is a network good because it becomes more useful when greater numbers of people have them.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

The more people that have fax machines, the easier it is to send and receive faxes, making it a more valuable tool in communication. This is an example of a network effect.

A Fax Machine Is a Network Good Because It Becomes