When more people (hosts) put a room on Airbnb (a marketplace for hosts with accommodations and travelers looking for a place to stay) the service value for travelers grows and vice versa. How would you describe this network effect?1 pointDirect network effectIndirect network effectBoth direct and indirect network effectTravelers effect

The service value of Instagram (a social media platform) grows when more people join the platform. How would you describe this network effect?1 pointDirect network effectIndirect network effectBoth direct and indirect network effectSocial network effect

What are DIRECT network effects? 1 pointThis is also called same-side network effect and arise where the presence of an additional customer on one side of the market affects the value to users on the same side of the market. An example is online gamers who benefit from participation of other gamers.Network effect that arises where an additional participation on one-side of the market affects the value to users on the other side of the market. For instance, more merchants accepting Amex increases the value for Amex card holders.

5.Question 5There are several types of network effect - direct and indirect, which one is most relevant on the consumer side in a mobile network?1 pointIndirect network effectsDirect network effects or same-side network effect

Fill in the Blank QuestionFill in the blank question.Network effects may drive a market toward , because consumers tend to choose standard products that everyone else is using.

AirBnB's rental platform is an example of:The sharing economyoperations with excessive initial capital requirementsA low-growth business modelNone of the above