In the OSI Reference Model, the ____ Layer Is Layer

question 44

Multiple Choice

In the OSI reference model, the ____ layer is layer 3.

• A)Physical
• B)Transport
• C)Data Link
• D)Network

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Definitions:

Losses

Financial reductions resulting from the operation of a business, particularly when expenses exceed revenues.

Shut Down

In economics, shut down refers to a short-term decision by a firm to cease production because operating costs exceed the revenue generated, particularly when prices fall below variable costs.

Increasing-Cost Industry

An industry in which costs of production increase as output is increased, often due to factors like limited resources or higher input prices.

LRAC Curve

Stands for Long-Run Average Cost curve, which shows the lowest average cost of producing different levels of output when all inputs, including capital, are variable.