A network externality occurs when

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    the appeal of and demand for a good increases as more consumers purchase the goods or services due to the "snob effect."
     the appeal of and demand for a good decreases as more consumers purchase the goods or services due to the "bandwagon effect."
     the appeal of and demand for a good increases as more consumers purchase the goods or services due to the "bandwagon effect."
     the appeal of and demand for a good increases as more consumers purchase the goods or services, and always leads to an upward sloping demand curve.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the appeal of and demand for a good increases as more consumers purchase the goods or services due to the "bandwagon effect."
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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