What are network effects?
A) the positive cost effects that accrue for firms with larger output because they can spread fixed costs over more units
B) the positive effect that one user of a product or service has on the value of that product or service for other users
C) the positive effect that the high price of the entry ticket has on incumbent industries
D) the positive cost effects that standardized commodities have on incumbent industries
Correct Answer:
Verified
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