Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
The phenomenon where increased numbers of participants improve the value of a good or service
B
The process of individuals connecting with each other in a physical space
C
The ability for one person to influence another's opinion through direct communication
D
The systematic study of social behavior in groups
Understanding the Answer
Let's break down why this is correct
Answer
Network effects in social networks happen when the value of a service increases as more people use it. For example, think about a social media platform like Facebook. When more friends and family join, it becomes more valuable because you can connect and share with more people. This means that as the network grows, it attracts even more users, creating a cycle where the platform becomes increasingly useful. In simple terms, the more people there are in the network, the better the experience for everyone involved.
Detailed Explanation
When more people join a social network, it becomes more valuable. Other options are incorrect because This option talks about physical connections, but network effects are about online value; This option focuses on personal influence, but network effects are about overall value.
Key Concepts
network effects
Topic
Social Networks and Connections
Difficulty
easy level question
Cognitive Level
understand
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