Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements is incorrect? Multiple Choice A congestion effect happens when the value of a product decreases as more people use it

Which of the following statements is incorrect?
Multiple Choice
A congestion effect happens when the value of a product decreases as more people use it, like with too many people trying to stream data on wi-fi that has limited bandwidth.
A social app like Instagram becomes more valuable to existing users as more new people join.
A network effect happens when the value of a product increases as more people use it, like with social apps.
The user experience of driving on a crowded highway corresponds to the network effect; the value of it increases as more people decide to drive on it.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Databases questions