By the End of 2012,Facebook Will Have Approximately How Many

question 220

Multiple Choice

By the end of 2012,Facebook will have approximately how many members around the globe?

• A)100 million
• B)250 million
• C)500 million
• D)1 billion
• E)2 billion

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Definitions:

Purely Competitive Producer

A firm operating in a market where there are many buyers and sellers dealing in homogeneous products, with no single entity having significant market control.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the financial gain in excess of opportunity costs.

Brand Name

The name given to a product or service by its company to distinguish it from competitors' offerings, often protected as a trademark.

Total Market

The entire demand for a product or service within a particular industry, including all potential customers.