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Runako wants to build a social networking website and host it using a PaaS provider. The social networking website will have users posting and sharing large quantities of media such as videos and images. He is currently evaluating the storage options that the app will need. Which of the following storage options should Runako use and why?
Oligopoly
A market structure characterized by a few firms dominating the market, which can lead to limited competition and potentially higher prices for consumers.
Conglomerate
A large corporation composed of diverse companies or divisions in varying industries under one corporate group.
Monopoly
A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
Horizontal Merger
A merger occurring between companies in the same industry, often leading to consolidation and potentially impacting competition.
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