A network occurs when:
A)diminishing returns sets in during a production process.
B)different people are linked together through a particular medium.
C)firms work together to monopolize a market.
D)production technology lowers the total cost of production.
E)none of the above.

Question

Quizplus · Accepted Answer

A network involves different people or entities being linked together through a particular medium, such as communication or transportation infrastructure. Choices A, C, and D refer to other economic concepts that are not directly related to networks.

A Network Occurs When