Which of the following refers to the increase in the usefulness of a product as the number of consumers who use it increases?
A)Positive externalities
B)Network externalities
C)External marginal utility
D)The impact of celebrity endorsements

Question

Quizplus · Accepted Answer

Network externalities refer to the increase in the usefulness of a product as the number of consumers who use it increases. Positive externalities refer to the benefit received by third parties from the consumption of a product or service, external marginal utility refers to the additional utility received from a good by those who do not consume it, and celebrity endorsements refer to the impact of celebrity recognition on consumer behavior.

Which of the Following Refers to the Increase in the Usefulness