A network good is:
A) a broadcast show on radio or television.
B) a good that must be bought in large quantities in order to get discounted prices.
C) a good supplied by a large network of competitive firms.
D) a good whose value increases to consumers as more consumers use the good.

Question

Quizplus · Accepted Answer

A network good is a good that becomes more valuable to each individual consumer as more people use it. This is because more users increase the network effect, which can enhance the experience or functionality of the good for each individual. This is why social media platforms like Facebook and Instagram are examples of network goods, as they become more useful and engaging as more people join and share content.

A Network Good Is