Economics · Digital Economy
In digital platforms and modern digital economics, network effects imply that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Supply becomes perfectly inelastic
- 2Demand becomes perfectly elastic
- 3Costs of production increase rapidly with scale
- 4The value of the platform increases as the number of users increases✓
Correct answer
The value of the platform increases as the number of users increases
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