_____ describes a situation where the value of a good or service to a customer increases as greater numbers of people adopt the good or service.

Question

Quizplus · Accepted Answer

Positive network effects refer to a situation where the value of a good or service increases for the user as more people use it. This is because with more users, there are more opportunities for interaction and collaboration, leading to increased benefits and value for each user. Examples include social media platforms, messaging apps, and online marketplaces.

_____ Describes a Situation Where the Value of a Good