An experiment by Duncan J. Watts, a sociologist at Columbia University, showed that when consumers knew a particular song had been downloaded by many other people, more consumers wanted to download that song as well. If this is true, this suggests that music itself may be:
A) a competitive good.
B) a network good.
C) a system good.
D) an association good.

Question

Quizplus · Accepted Answer

The experiment suggests that the value of the music is not just in the music itself, but in the network of people who have also downloaded it. This indicates that music is a network good, meaning that its value is influenced by the number of other people using it.

An Experiment by Duncan J