Viruses Can Damage

question 33

Multiple Choice

Viruses can damage

• A) computer software
• B) files
• C) computer hardware
• D) programs

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Definitions:

Predatory Pricing

A competitive strategy where a firm sets very low prices with the intention of driving competitors out of the market, or to prevent new entries.

Antitrust Laws

Regulations designed to promote competition and prevent monopolies by limiting the power of large corporations.

Cartels

Groups of independent market participants who collude to control prices and output in an industry to maximize their collective profits.

Inelastic Demand

A situation where the demand for a good or service changes very little in response to changes in price.