The tipping point is the same as the equilibrium point in the market for network goods.

Question

Quizplus · Accepted Answer

The tipping point refers to the critical point in an evolving situation that leads to a new and irreversible development, often used in the context of network goods to describe the moment when a product or service becomes widely popular or dominant. The equilibrium point, however, is a state where supply equals demand in the market, and no external forces are causing change. These concepts describe different phenomena in the market dynamics.

The Tipping Point Is the Same as the Equilibrium Point