Which of the Following Describes Communication in Today's Digital Age

question 79

Multiple Choice

Which of the following describes communication in today's digital age?

• A)Communicators are increasingly switching to mobile devices.
• B)Messages are shorter and more frequent.
• C)Message response time is much speedier.
• D)All of the above statements describe communication in today's digital age.

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Definitions:

Excess Profits

Profits that exceed the normal expected return on investment, often occurring in industries with little to no competition.

Perfectly Competitive Industry

An industry structure where many firms sell identical products, entry and exit are easy, and no single seller controls the market price.

Market Price

The price at which a good or service can be bought or sold in a marketplace, determined by supply and demand.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, free entry and exit, and perfect information.