The value of a virtual network for its members is a function of its size; however, the value of a physical network depends on the scarcity of the devices comprise the physical network

Question

Quizplus · Accepted Answer

The value of both virtual and physical networks often increases with the number of users or devices connected to them due to network effects, not just the size for virtual or scarcity for physical networks. The value of a network, virtual or physical, typically depends on its utility, connectivity, and the network effects generated by its users or devices, rather than solely on size or scarcity.

The Value of a Virtual Network for Its Members Is