A virtuous cycle occurs
A)when lobbyists petition Parliament a public franchise; the lobbyist then raise money for the political party that granted the franchise.
B)when monopoly profits are used to create new products for additional monopoly profits.
C)when a firm can attract enough buyers initially to increase a product's usefulness to attract even more buyers.
D)when a firm's sales volume reaches a level where the firm can take advantage of economies of scale; thereby reducing the price of the product to further boost its sales.

Question

Quizplus · Accepted Answer

A virtuous cycle occurs when a product becomes more useful as more people use it, attracting even more users, which further increases its usefulness and attractiveness.

A Virtuous Cycle Occurs