What is the term that refers to increases in the value of a product to each user,including existing users,as the total number of users increases?

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Quizplus · Accepted Answer

The term that refers to increases in the value of a product to each user, including existing users, as the total number of users increases is called network effects. As more people use a service or product, the value increases for all users because there are more opportunities for communication, collaboration, and information-sharing. This creates a virtuous cycle of increasing demand and value, making it difficult for competitors to enter the market.

What Is the Term That Refers to Increases in the Value