Which of the following refers to the increase in the usefulness of a product as the number of consumers who use it increases?
A)positive externalities
B)network externalities
C)external marginal utility
D)the impact of celebrity endorsements

Question

Quizplus · Accepted Answer

Network externalities refer to the increase in the usefulness or value of a product or service as more people use it. This can create a positive feedback loop where the more people using a product, the more valuable it becomes, attracting even more users.

Which of the Following Refers to the Increase in the Usefulness