"Big Data" Is

question 72

Multiple Choice

"Big Data" is:

• A) the world's largest super computer.
• B) Google's data store.
• C) the largest size hard drive that can hold data.
• D) data proliferation and overload.

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Definitions:

Oligopolistic Industries

Oligopolistic industries are characterized by a market structure in which a small number of firms have large control over market share, leading to limited competition and significant influence over prices and products.

Dominant Firms

Companies that hold a large market share within their industry, influencing market conditions and prices.

Entry Barriers

Obstacles that prevent or hinder potential competitors from entering a market or industry.

Substantial Entry

A significant entry of new firms into a market, often leading to increased competition and affecting market dynamics.