Network goods differ from other types of markets studied in economics because the ____ is different.
A) demand curve
B) horizontal axis
C) supply curve
D) vertical axis

Question

Quizplus · Accepted Answer

Network goods exhibit network externalities, meaning the value of the good to a user increases as more people use it. This affects the demand curve, as it shifts outward with more users, unlike traditional goods where demand is primarily influenced by price and income levels.

Network Goods Differ from Other Types of Markets Studied in Economics