A(n)____________________ Is a Collection of Information Stored Digitally So That

question 33

Short Answer

A(n)____________________ is a collection of information stored digitally so that it is accessible by computers and mobile electronic devices.

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Definitions:

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.

Pricing Strategy

A plan or approach used by businesses to set the prices for their products or services based on various factors like market demand, competition, and cost of production.

Socially Optimal Price

The price of a product that results in the most efficient allocation of an economy’s resources and that is equal to the marginal cost of the product.

Unregulated Monopoly

A market structure in which a single supplier dominates the market without any government intervention or regulation.