Tom Is Currently Using Dial-Up for His Internet Connection but He

question 45

Multiple Choice

Tom is currently using dial-up for his Internet connection but he believes it is too slow for his needs and ties up his phone line. He is looking for an alternative and has come to you for help.
-Tom wants to know which Internet access is the fastest.You tell him ____.

• A) DSL
• B) ISDN
• C) satellite
• D) cable

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Definitions:

Monopolistically Competitive

A market structure where many companies sell products that are similar but not identical, allowing for some degree of market power and price control by individual firms.

Profit-Maximizing Level

The optimal point at which the difference between total revenue and total cost is the greatest, indicating the highest possible profit for a firm.

Short Run

a period in economics during which at least one input is fixed and cannot be changed, limiting a firm's ability to adjust production.

Fixed Costs

Expenses that do not change in proportion to the activities of a business within a certain range of operation, such as rent, salaries, and insurance.