A network good is a good whose value to one consumer increases the more that other consumers use the good.

Question

Quizplus · Accepted Answer

A network good is a type of good that exhibits network effects, where the value of the good for one user increases as more users join the network. For example, social media platforms like Facebook and Twitter are network goods because the more users there are on the platform, the more valuable the platform becomes for each user.

A Network Good Is a Good Whose Value to One