On Occasion, You Might Want a Method to Be Able

question 28

Multiple Choice

On occasion, you might want a method to be able to alter a value you pass to it.What type of parameter should you use in this case?

• A) value parameter
• B) reference parameter
• C) optional parameter
• D) global parameter

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Definitions:

X-Inefficiency

The difference between efficient behavior of enterprises assumed or implied by economic theory and their observed behavior in practice, often due to a lack of competitive pressure.

Pure Competition

A market structure characterized by many small firms producing identical products, where no single firm has significant control over the market price.

Monopolistic Competition

A market structure characterized by many producers selling products that are similar but not identical, allowing for competition based on quality, price, and brand.

Nondiscriminating Monopolist

A monopolist that charges all consumers the same price for its product or service, regardless of the market segment.