How Many Things Can Be Represented Using Three Bits

question 36

Multiple Choice

How many things can be represented using three bits?

• A) 3
• B) 4
• C) 6
• D) 8
• E) 12

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Definitions:

Condominiums

A form of property ownership where individual units of a larger complex are owned by individuals, including shared access to common facilities.

Co-op Owners

Individuals or entities that own shares in a cooperative, entitling them to use its goods, services, or facilities and participate in its governance.

Highly Competitive

A market situation featuring a large number of firms vying for consumers’ attention, often leading to lower prices and innovative products.

Perfectly Competitive

A perfectly competitive market is one where there are many buyers and sellers, all selling identical products, with no single buyer or seller able to influence the market price.