A Blog Is ________, Whereas a Wiki Is __________

question 117

Multiple Choice

A blog is ________, whereas a wiki is __________.

• A)a log of an individual's Internet activity; an Internet activity updated by the user
• B)a publicly accessible personal journal and online forum for an individual or organization; a website whose online content is created and edited by the ongoing collaboration of end users
• C)a website for companies to gather customer insights; an academic tool to post grades and projects
• D)a website whose online content is created and edited by the ongoing collaboration of end users; a publicly accessible personal journal and online forum for an individual or organization

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Definitions:

Deadweight Loss

A decrease in economic efficiency that happens when a good or service does not reach or cannot reach its equilibrium.

Profit Maximizing

The method or approach of aligning production and pricing to maximize profit.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.

Monopsony Power

The market power held by a single buyer to influence the price at which they purchase goods or services.