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Table 7-11
-Refer to Table 7-11. The equilibrium price is
Web 2.0
The second generation of the World Wide Web that emphasizes user-generated content, usability, and interoperability for end-users.
Internet Revamp
Comprehensive updates or overhauls made to web infrastructure, platforms, or services to improve performance, accessibility, or user experience.
Television Killed Radio
This phrase metaphorically describes the shift in popular media consumption from radio to television during the mid-20th century, highlighting television's dominance in entertainment and information dissemination.
Internet's Infrastructure
The physical and virtual technologies and systems that enable the internet to function, including servers, data centers, and connectivity devices.
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