If a product's usefulness increases with the number of users,it:
A)has network externalities.
B)is a monopoly.
C)is a conglomerate.
D)has an exclusive franchise.

Question

Quizplus · Accepted Answer

A product with network externalities means that its value increases as more people use it, making it more useful and valuable. This creates a positive feedback loop, where more users attract even more users, ultimately leading to a complete market domination.

If a Product's Usefulness Increases with the Number of Users,it