A network good is a good whose value to one consumer increases the more other consumers use the good.

Question

Quizplus · Accepted Answer

A network good is a type of product or service whose value increases as more people use it. This is because the more users there are, the more valuable the product or service becomes to each individual user. Examples of network goods include social media platforms, communication tools, and online marketplaces.

A Network Good Is a Good Whose Value to One