Question

The market for social-networking website services is characterized by network externalities because: Choose one:
A. the less other people are using the website, the more any one person enjoys it.
B. people are less likely to be hired by an employer if they use social-networking websites.
C. the more other people are using the website, the more any one person enjoys it.
D. the number of other people using the website has no effect on any one person’s enjoyment of it.
E. a person needs a computer network to access a social-networking website.

Answer 1

Answer:

Option C is the correct answer to the following question.

Explanation:

Because network externality is that in which a consequence of the industrial activities or the other commercial activities which are affects another parties without involving the reflected in cost of goods and services. The other folks used the website as compares to any other folks enjoys. So, that's why it is correct.