A situation in which something has increasing value as more people use it is referred to as __________?
A) a patent.
B) network externalities.
C) hold-ups.
D) first mover.
E) licensing.

Question

Quizplus · Accepted Answer

Network externalities occur when the value of a product or service increases as more people use it. A classic example is social media. The more users a platform has, the more valuable it becomes for each individual user.

A Situation in Which Something Has Increasing Value as More