give me correct answer with proper explanation A network effect, or network externality, exists when: Group of answer choices a firm ’ s average total cost rises continuously over the entire ran the customers of one business overlap with those of another competing business. the costs of resources for an industry rises as the number of sellers in an industry expands. the value of a product or service to each consumer increases as the number of users expands.
give me correct answer with proper explanation A network effect, or network externality, exists when: Group of answer choices a firm ’ s average total cost rises continuously over the entire ran the customers of one business overlap with those of another competing business. the costs of resources for an industry rises as the number of sellers in an industry expands. the value of a product or service to each consumer increases as the number of users expands.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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give me correct answer with proper explanation
A network effect, or network externality, exists when: Group of answer choices a firm
’
s average total cost rises continuously over the entire ran the customers of one business overlap with those of another competing business. the costs of resources for an industry rises as the number of sellers in an industry expands. the value of a product or service to each consumer increases as the number of users expands.
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