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A Firm Responsible for Ticket Sales Notices Its Local Web

question 38

Multiple Choice

A firm responsible for ticket sales notices its local web servers are unable to handle the traffic, which often causes timeout errors and results in lost revenue. The firm wants to obtain additional cloud-based server resources only during peak times. Due to budget constraints, the firm wants to purchase only the exact amount required during peak times. Which of the following steps should be performed to BEST meet the budget requirement?


Definitions:

Price Ceiling

A legal maximum price set by the government for a particular good or service, intended to prevent prices from becoming excessively high.

Shortage

A situation where the demand for a product exceeds its supply in a market.

Units

The fundamental quantities or measurements in which variables, goods, services, or products are expressed or quantified.

Price Floor

A legally imposed minimum price set above the equilibrium price, preventing the market price from falling below a certain level.

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