Mobile Search Makes Up at Least 50% of All Internet

question 17

True/False

Mobile search makes up at least 50% of all Internet searches.

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Definitions:

Entry Barriers

Refers to obstacles that prevent or hinder new competitors from easily entering an industry or area of business.

Long-run Equilibrium

Long-run equilibrium occurs when all producers in a market are producing at their minimum long-run average cost, and no new firms wish to enter or exit the market.

Average Cost

The total cost of production divided by the number of goods produced, also known as unit cost.

Marginal Cost

The increase in total cost that arises from an extra unit of production.