What Is the Function of an IP Address in Networking

question 71

Multiple Choice

What is the function of an IP address in networking?

• A) represents a network connection on specific devices
• B) specifies the type of traffic that is allowed to roam on a network
• C) specifies resource's location and the mechanism to retrieve it
• D) represents the unique ID that is assigned to one host on a network

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Definitions:

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for significant brand differentiation and some control over prices.

Long Run

A period in economics during which all factors of production and costs are variable, allowing for full adjustment to change.

Average Total Cost Curve

A graphical representation showing how average cost changes with changes in output.

Zero Economic Profits

A situation in perfect competition where firms earn just enough revenue to cover their total costs, including opportunity costs.