A monopoly can be formed by a bandwagon effect.Which of the following products would most closely match the bandwagon effect?
A) the Atlanta Braves baseball club
B) the Dell Computer
C) the Apple iPod
D) the Chevrolet Corvette

Question

Quizplus · Accepted Answer

The Apple iPod is the product that most closely matches the bandwagon effect. This is because the bandwagon effect is driven by social influence and the desire to conform to a particular trend or popular opinion. The iPod became popular quickly and achieved a significant market share due in part to its association with popular culture and trendsetting. The other products listed are not necessarily driven by a bandwagon effect - the Atlanta Braves have a loyal fan base, Dell computers are popular but not necessarily seen as trendsetting or driven by social influence, and the Chevrolet Corvette is a high-end luxury sports car that is not necessarily influenced by social trends.

A Monopoly Can Be Formed by a Bandwagon Effect