When the value of a product to each user, including existing users, increases due to an increase in the total number of users-as in the case of Facebook-we refer to this as
A) income transfer.
B) price discrimination.
C) simultaneous consumption.
D) network effects.

Question

Quizplus · Accepted Answer

This is known as network effects or network externalities, where the value of the product increases as more users join the network.

When the Value of a Product to Each User, Including