Less popular open source products are not likely to attract the community of users and contributors necessary to help improve these products over time. This situation reiterates the belief that network effects are a key to success.
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What are Network Effects?</h3>
- The phenomenon known as the "network effect" describes how more individuals using a commodity or service results in a rise in value. An illustration of the network effect is the internet.
- Since the internet was first only useful to the military and a small number of researchers, there weren't many users.
- However, as more people had access to the internet, more material, information, and services were created by users.
- More people were drawn to connect and transact business with one another as a result of website development and enhancement. A network effect resulted from the internet offering more value as traffic increased.
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Fires create external costs because they spread from one building to another. If the government wants to reduce the external costs of fires, <span>should it encourage subsidies for sprinkler systems.
Adding sprinkler systems can reduce the amount of fires that happen and spread because as soon as the fire starts, the sprinklers can put it out. Though these are costly, which they range in price depending on the system type and amount they are able to weigh the pros and cons of the system.
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Answer: d
Explanation: I would say she asked about pay before she was offered the position