The World Wide Web Consortium (W3C) Is the One Group

question 71

True/False

The World Wide Web Consortium (W3C) is the one group responsible for the Web.

---

Definitions:

Monopoly Firms

Companies that are the sole providers of a product or service in a market, facing no competition.

Barriers of Entry

Obstacles that make it difficult for new competitors to enter a market, including high startup costs, strict regulations, and established brand loyalty.

Cost Advantage

The benefit gained by a company when it produces goods or services at a lower cost compared to its competitors.

Typical Investor

An average or representative investor who reflects the general behaviors and preferences of the larger investing public.