As more people participate in a network, the value of the network to each participant increases.This is known as the ____.
A)law of diminishing returns
B)network effect
C)listing effect
D)fax effect

Question

Quizplus · Accepted Answer

The network effect states that as more people join a network, the value of the network increases for each participant. This is because with more people on the network, there are more potential connections, interactions, and opportunities for value creation. The other choices (A, C, D) are not applicable to the concept described.

As More People Participate in a Network, the Value of the Network