Increases in the value of the product to each user, including existing users, as the total number of users rises are called
A) network effects.
B) simultaneous consumption.
C) learning by doing.
D) the spreading of development costs.

Question

Quizplus · Accepted Answer

Increases in the value of the product to each user as the total number of users rises are referred to as network effects. This phenomenon commonly involves social media platforms, where the value of the platform increases as more people join and contribute content.

Increases in the Value of the Product to Each User