Simultaneous consumption and network effects are sources of increasing returns and economies of
scale that promote productivity growth.

Name: Simultaneous consumption and network effects are sources of increasing returns and economies of scale that promote productivity growth.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Simultaneous consumption and network effects create a positive feedback loop where the value of a good or service increases as more people use it, leading to economies of scale and productivity growth.

Simultaneous Consumption and Network Effects Are Sources of Increasing Returns