The Development of the MP3 File Format for Music Was

question 80

True/False

The development of the MP3 file format for music was accompanied by the increased popularity of peer-to-peer (p-to-p)file swapping among music fans.

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Definitions:

Marginal Curve

A graphical representation of the marginal cost, marginal revenue, or marginal benefit of producing additional units of a good or service.

Marginal Cost

The extra expenditure involved in creating one additional unit of a product or service.

Gadgets Production

The manufacturing process of creating small electronic devices designed for a particular purpose or function.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit depends on the quantity that has already been produced.