As more people participate in a network, the value of the network to each participant increases.This increase in value is called a _____.
A) telework model
B) network effect
C) network model
D) transactional effect

Question

Quizplus · Accepted Answer

The network effect refers to the concept that the value of a network or product increases as more people use it or participate in it. This can be seen in various digital platforms, such as social media, where more users result in more content, connections, and interactions for each individual user. The other options (A, C, and D) do not accurately match the concept described.

As More People Participate in a Network, the Value of the Network