Websites That Feature User-Generated Content or Material Created by Visitors

question 15

Multiple Choice

Websites that feature user-generated content or material created by visitors rather than the website publishers and encourage visitors to read and respond to that material are a form of:

• A) reputation management.
• B) direct marketing.
• C) advertising.
• D) social media.
• E) sales promotion.

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Definitions:

Pure Monopoly

A market structure where a single company is the sole producer of a particular good or service, facing no competition.

Pure Competitor

A firm or business operating in a market with many sellers offering identical products, meaning it has no control over market price.

Barriers To Entry

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for all possible adjustments, including changes in industry size.