A _ _ Must Be Used to Convert an Analog

question 84

Multiple Choice

A _ _ must be used to convert an analog signal to a digital one, when trying to transmit data over a typical phone line.

• A) modem
• B) DSL
• C) frame relay
• D) tunnel
• E) fiber optic switch

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Definitions:

Profit-Maximizing

The process or goal of a firm to adjust output and pricing to achieve the highest possible profit.

Marginal Revenue

The increased income derived from selling an additional unit of a product or service.

Pure Monopolist

A single seller in a market with no close substitutes for the product or service, having complete control over its price.

Monopoly Output

The quantity of goods or services produced by a monopoly firm, which is determined by the intersection of the marginal cost and marginal revenue curves.