Question: What is a network externality? a) It refers to a situation in which a product's usefulness increases with the number of people using it. b)

What is a network externality? a) It refers to a situation in which a product's usefulness increases with the number of people using it. b) It refers to lobbying to form a public enterprise. c) It refers to a product that requires connection to a network for it to be useful. d) It refers to having a network of suppliers and buyers for a good or service.

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