[Solved] Economists Have Noted How the Value of a Product or Service

Question 19
Multiple Choice

Economists have noted how the value of a product or service can increase as more consumers adopt the product; in other words,as the network increases.This is referred to as:

A)economies of scale
B)economies of scope
C)positive network effect
D)increasing returns to scale

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.

Business

Explore our library and get Marketing Homework Help with various study sets and a huge amount of quizzes and questions

3.5K

Study sets

66.5K

Quizzes

5.9M

Questions

Upload material to get free access

Upload Now Upload Now
Upload Now

Invite a friend and get free access

Upload NowInvite a friend
Invite a friend

Subscribe and get an instant access

See our plansSee our plans
See our plans