_____ Is the Process of Encoding Data So That Only

question 35

Multiple Choice

_____ is the process of encoding data so that only individuals (or computers) armed with a secret code (or key) can decode it.

• A)Encryption
• B)Decryption
• C)Hieroglyphics
• D)Number crunching

---

Definitions:

Pure Monopoly

A market structure where a single firm controls the entire market for a product or service, with no close substitutes and significant barriers to entry.

Allocatively Inefficient

A situation where resources are not distributed in a way that maximizes the benefits to society, often leading to a loss of economic welfare.

Marginal Benefit

The additional satisfaction or utility gained from receiving or consuming one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product or service, a key concept in economic theory for decision-making and pricing.