Increases in the value of the product to each user, including existing users, as the total number of users rises is called:
A. Network effects
B. Simultaneous consumption
C. Learning by doing
D. The spreading of development costs
A. Network effects
Economics
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A Major League Baseball player signs a contract that pays $27 million over 5 years. The $27 million is the contract's ________ value
A) real B) implicit C) nominal D) external
Economics
When Patty uses money to buy her lunch, she is showing the use of money as a "store of value."
Indicate whether the statement is true or false
Economics