In Which of the Following Situations Is a Digital Certificate

question 643

Multiple Choice

In which of the following situations is a digital certificate useful?

• A) You are researching a topic for an assignment.
• B) You are registering for an event.
• C) You are emailing a friend.
• D) You are signing a rental lease.

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Definitions:

Economies of Scale

Cost advantages that businesses obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Competitive Industry

An industry characterized by many firms competing against each other, with low barriers to entry and products that are similar but not identical.

Marginal Cost Pricing

A pricing strategy where the price of a good or service is set equal to the marginal cost of producing one more unit, commonly used in regulated utilities.

Regulatory Agency

A government body responsible for creating and enforcing rules to govern a specific industry or sector.