What Statement Below Describes Web 3

question 18

Multiple Choice

What statement below describes Web 3.0's feature that ensures the integration of legacy devices?

• A) The ability to use current devices such as iPhone and laptops as credit cards or tickets.
• B) The design of websites and other software so they can be easily integrated and work together.
• C) The ability for software to be distributed and accessed from anywhere.
• D) The design of software to be easily integrated and work together.

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Definitions:

Rival

A good whose consumption by one person diminishes the quantity or quality available for consumption by others.

Price Leadership

An informal method that firms in an oligopoly may employ to set the price of their product: One firm (the leader) is the first to announce a change in price, and the other firms (the followers) soon announce identical or similar changes.

Oligopoly

An oligopoly is a market structure characterized by a small number of firms dominating the market, where each firm has significant control over prices and other market factors.

Collusion

A non-competitive, secret, and often illegal agreement between rivals aiming to disrupt the market's equilibrium by controlling the market price, production, or marketing of goods and services.