Dot-Com Domain Name Registration Is Carried Out on an Auction

question 68

True/False

Dot-com domain name registration is carried out on an auction basis to ensure the highest bidder gains rights to the desired domain name.

---

Definitions:

Oligopoly

A market structure characterized by a few companies controlling the majority of market share, which can lead to limited competition.

Perfect Competition

A market structure characterized by many buyers and sellers, homogeneous products, and free entry and exit, leading to an efficient allocation of resources.

Monopoly

A market structure characterized by a single seller controlling a large portion of the market, facing little to no competition.

U.S. Beer Industry

The sector within the United States that involves the production, distribution, and sale of beer.