The Internet Allows Firms to Listen to Customers' Wants,track Their

question 38

True/False

The Internet allows firms to listen to customers' wants,track their purchases,provide them with better service,and more access to information.

---

Definitions:

Marginal Social Benefit

The extra advantage to the community from creating or using an additional unit of a product or service.

Marginal Social Cost

The total cost society bears for the production of an additional unit of a good or service, including private and external costs.

Tradable Permits

Tradable permits are environmental policy instruments that allow companies or entities to buy or sell allowances to emit a certain amount of pollutants, aiming to reduce overall emissions efficiently.

Exclusive Licenses

Agreements granting one party alone the right to sell, produce, or use intellectual property or product.