A Web Page That Serves as a Publicly Accessible Personal

question 118

Multiple Choice

A web page that serves as a publicly accessible personal journal and online forum for an individual or organization is referred to as a:

• A)net platform.
• B)Facebook page.
• C)blog.
• D)wiki.

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Definitions:

Sole Seller

A market condition where only one supplier provides a particular good or service, also known as a monopoly.

Marginal Cost

The investment needed to produce an extra unit of a product or service.

Marginal Revenue

The extra revenue a company earns by selling an additional unit of a product or service.

Barrier to Entry

Factors that prevent or hinder companies from entering a particular market, which might include high startup costs, strict regulations, or strong competition.