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Critical Thinking Questions (Multiple Choice) If a Web Site Can

question 108

Multiple Choice

Critical Thinking questions (Multiple Choice) If a Web site can gather information that allows a Web server to present ad banners targeted to products you previously purchased at that Web site, it is using ____.


Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

Perfectly Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a homogeneous product.

Price Setting

The determination of the selling price of goods or services, typically factoring in costs, demand, and competitive prices.

Efficient Scale

The level of production that minimizes the average total cost of production, optimizing resource usage.

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