Whereas in the Past Criminals Had to Physically Approach Their

question 1

Multiple Choice

Whereas in the past criminals had to physically approach their victims to carry out a crime, the Internet allows offenders to be in other states, or even continents, and still carry out the same crime. This best represents which of the following vulnerabilities of the Internet?

• A) anonymity/identity
• B) time and space
• C) asymmetries of cyberspace
• D) lack of barriers to entry

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Definitions:

Price Discriminate

The practice of selling the same product or service at different prices to different customers, not based on differences in production costs.

Pure Monopolist

A single producer in a market who controls all supply of a product with no close substitutes, allowing them to exert significant power over prices and quantities sold.

Profit-Maximizing

A business strategy focused on finding the optimal level of output at which total revenues exceed total costs by the greatest amount.

Marginal Cost

The change in total cost that arises from producing one additional unit of a product or service.