Cloud Computing Refers to the Provision of Applications Over the Internet

question 24

True/False

Cloud computing refers to the provision of applications over the Internet.

---

Definitions:

Mutual Interdependence

A situation in oligopoly markets where the actions of one firm significantly affect the outcomes of other competing firms.

Price Policy

The strategy or practices adopted by a company, organization, or government to set the selling price of products or services.

Perfectly Elastic Demand

Product or resource demand in which quantity demanded can be of any amount at a particular product or resource price; graphs as a horizontal demand curve.

Herfindahl Index

A measure of market concentration used to gauge the level of competition within an industry by calculating the sum of the squares of the market shares of each firm.