Which of the following products or services is not subject to network effects?
A) Banking services
B) Laundry services
C) Video game consoles
D) Social networks
E) Cell phone services

Question

Quizplus · Accepted Answer

Network effects occur when the value of a product or service increases as more people use it. Banking services, video game consoles, social networks, and cell phone services are all subject to network effects to varying degrees. However, laundry services are primarily dependent on individual customer preferences and are not typically affected by network effects.

Which of the Following Products or Services Is Not Subject