From the field of economics,the ________ explains how the perceived value of a product or service is affected by the number of people using the product or service.
A)Social graph
B)Network effect
C)Semantic web
D)Open Graph

Question

Quizplus · Accepted Answer

The network effect is a phenomenon in economics that describes how the value of a good or service increases as the number of people using it increases. This can create a positive feedback loop where more users attract even more users, resulting in exponential growth in the value of the product or service. The other options, social graph, semantic web, and open graph, are all related to technology and social media, but they do not directly relate to the economics concept of the network effect.

From the Field of Economics,the ________ Explains How the Perceived