Compared to Digital Markets,traditional Markets Have

question 89

Multiple Choice

Compared to digital markets,traditional markets have:

• A)lower search costs.
• B)stronger network effects.
• C)higher delayed gratification effects.
• D)reduced asymmetry.
• E)higher transaction costs.

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Definitions:

Deviance

Behaviors or actions that violate societal norms and expectations, which can result in social disapproval or sanction.

Nonconformity

The refusal to align with established norms, values, or practices of society.

Functionalist Theories

Theories in sociology that view society as a complex system whose parts work together to promote solidarity and stability.

Societal Cohesion

is the bond that unites a society through shared beliefs, values, and practices, fostering a sense of belonging and cooperation among its members.