-According to Figure 16-4 above,Facebook had slightly over __________ unique U.S.visitors per month by May 2012.
Definitions:
Utility Function
A mathematical representation in economics that shows the relationship between individual preferences and the consumption of goods and services.
Competitive Market
A market structure characterized by many buyers and sellers, free entry and exit, and a product for which every seller offers a similar product.
Entry Restrictions
Refers to barriers that limit the ability of new competitors to enter and compete in an industry or market.
Revenue Function
A financial formula used to calculate the total revenue generated by selling a particular quantity of goods or services.
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