A good is characterized by network economies if it:
A)can be used by more than one person at a time.
B)becomes cheaper to produce as more people buy it.
C)becomes more valuable as more people own it.
D)is widely advertised on television.

Question

Quizplus · Accepted Answer

Network economies exist when the value a consumer places on a good increases when other consumers have the same or compatible goods.

A Good Is Characterized by Network Economies If It