A Personal Computer (PC) Is Also Known as a _____

question 23

Multiple Choice

A personal computer (PC) is also known as a _____.

• A) minicomputer
• B) mainframe computer
• C) microcomputer
• D) maxicomputer

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Definitions:

Source of Law

The origin from which a particular legal rule or principle derives, such as a constitution, statute, court decision, or executive order.

Downward Sloping Demand

A characteristic of most demand curves, indicating that as the price of a good decreases, the quantity demanded increases.

Monopoly Power

The ability of a single supplier to control the market prices and output of a good or service, due to lack of competition.

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.