The network effect refers to the concept that the value of a product or service increases when the number of people who use that product or service increases.

Which best describes the network effect?

The network effect is a phenomenon whereby increased numbers of people or participants improve the value of a good or service. However, as more users gained access to the Internet, they produced more content, information, and services.

Which describes the network effect a platform becomes?

Answer: A platform becomes more useful as more people join and use it.