What does Metcalfe's law state?

Answer:
Indeed, Metcalfe's law states that the total value of a good or service that possesses a network effect is roughly proportional to the square of the number of customers already owning that good or using that service.
First answer by Enc of Biz and Finance. Last edit by Enc of Biz and Finance. Contributor trust: 24 [recommend contributor recommended]. Question popularity: 1 [recommend question].

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