Answer: network
Explanation:
Network externality simply states that demand for a good or service has to do with how other people demand for that particular good or service. It means consumer's buying patterns are influenced by the purchase of others buying the product.
Therefore, a network externality exists when the number of customers who purchase a good or use it influences the quantity demanded.
Answer:
The true cash balance was $6,140
Explanation:
The computation of the true cash balance of the bank statement is shown below:
= Bank balance + deposit in transit + bank error - outstanding checks
= $8,900 + $3,750 + $610 - $7,120
= $6,140
The other information which is given in the question i.e NSF checks, banks ervice charge is for adjusting the cash balance. Hence, we do not consider it