Which of the following products is subject to network effects? OA. Email service

Question

Which of the following products is subject to network effects? OA. Email services. O B. Broadcast T.V. services. O C. Online auction services. O D. Online DVD rental services. A positive market feedback refers to OA. a tendency for a good or service to fall out of favor with more consumers because other consumers have stopped buying the item. B. a tendency for the consumers to buy a larger quantity of the product when its price decreases. O C. a tendency for a good or service to come into favor with additional consumers because other consumers have chosen to buy the item. A negative market feedback refers to A. a tendency for a good or service to fall out of favor with more consumers because other consumers have stopped buying the item. O B. a tendency for the consumers to buy a smaller quantity of the product when their income decreases C. a tendency for a good or service to come into favor with additional consumers because other consumers have chosen to buy the item. O D. a tendency for the consumers to buy a smaller quantity of the product when its price increases.

Explanation / Answer

Answer:-

1)  c) online auction services.

Explanation :- network effect refers to the situation where goods or services become popular when the good or service is used. when online auction sevices are used, more people will want to use them, hence they have network effects.

2)b) a tendency of consumers to buy a larger quantity of the product when price decreases.

Explanation:- positive effect is when a positive variable leads to a positive result.

3) a) a tendency for a good or service to fall out of favor with more consumers because consumers have stopped buying the commodity.

Explanation:- Negative effects refers to negative outcomes resulting from what other perceive as affecting them negatively.

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