Which of the following does not provide an example of network externalities?
A)The Internet
B)The telephone system
C)A language
D)A patent

Question

Quizplus · Accepted Answer

Network externalities occur when the value of a product or service increases as more people use it. The Internet, telephone system, and languages all become more valuable as more people use them. However, a patent, which grants exclusive rights to an invention, does not inherently become more valuable as more people use the patented technology; its value is derived from its exclusivity and the ability to control its use.

Which of the Following Does Not Provide an Example of Network