Which of the following conditions is required for a networkgood to succeed over a better good in the market?

Question

Quizplus · Accepted Answer

A network good relies on network effects, meaning it becomes more valuable as more users join the network. Therefore, for a network good to succeed over a better good in the market, it must have a much larger number of consumers or users than the better good. Option A is incorrect because competition among consumers may actually strengthen the network effect. Option C is incorrect because a network good can still charge fees and make profits. Option D is incorrect because only option B is required for a network good to succeed over a better good in the market.

Which of the Following Conditions Is Required for a Networkgood