Which statement is TRUE regarding network goods?
A) Network goods are usually sold by monopolies or oligopolies.
B) Microsoft Word has always been the dominant word processing software
C) Microsoft Excel has always been the dominate spreadsheet software.
D) All of the answers are correct.

Question

Quizplus · Accepted Answer

Network goods, also known as network effects, are goods that become more valuable as more people use them. They tend to be sold by monopolies or oligopolies because once a network effect is established, new competitors face very high barriers to entry.

Which Statement Is TRUE Regarding Network Goods