Network economics Select one: A. applies the law of diminishing returns to communities of users. B. balances the high cost of adding new members to a community against the lower cost of using network infrastructure. C. sees the cost of adding new members as inconsequential. D. applies traditional economics to networked usersh

Question

Vincent Curtis

Business

17 January, 20:36

Network economics Select one: A. applies the law of diminishing returns to communities of users. B. balances the high cost of adding new members to a community against the lower cost of using network infrastructure. C. sees the cost of adding new members as inconsequential. D. applies traditional economics to networked usersh

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Answers (1)

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Rafael Reynolds · Answer 1

C. sees the cost of adding new members as inconsequential

Explanation:

Network Economics is a situation where a business accrues benefits through feedback that is provided by the who use the businesses product or service. It is a product of the network effect, an increase in the value of a good or service increases as the number of buyers or subscribers goes up.