If a product's usefulness increases with the number of users,it:

A) has network externalities.
B) is a monopoly.
C) is a conglomerate.
D) has an exclusive franchise.

Question

If a product's usefulness increases with the number of users,it:A) has network externalities.B) is a monopoly.C) is a conglomerate.D) has an exclusive franchise.

Rojina Sapkota · Accepted Answer

Final Answer : A, Explanation :  A product with network externalities means that its value increases as more people use it, making it more useful and valuable. This creates a positive feedback loop, where more users attract even more users, ultimately leading to a complete market domination.

If a product's usefulness increases with the number of users,it:

A) has network externalities.
B) is a monopoly.
C) is a conglomerate.
D) has an exclusive franchise.

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