If I have the only telephone in town, it is essentially worthless. Then other people in town get telephones and I can call them. The value of my telephone rises as more and more of the town installs phones. This makes the telephone a(n) __________ good.

Question

Quizplus · Accepted Answer

This describes a network good, where the value of the product increases as more people use it or become part of the network.

If I Have the Only Telephone in Town, It Is