Network effects occur when the value of a platform to its users changes as the number of users rises.

Name: Network effects occur when the value of a platform to its users changes as the number of users rises.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

This is the definition of network effects. As more users join a platform, it becomes more valuable to existing users due to increased network effects, such as more interaction, more content creation, and increased network effects.

Network Effects Occur When the Value of a Platform to Its