Which of the Following Is the Most Complete and Accurate

question 2

Multiple Choice

Which of the following is the most complete and accurate description of a pure e-Business company?

• A) These firms' business models are based on advertising revenue.
• B) These are companies that launch a Web site without any previous existence as a firm.
• C) These are established companies that have an online site for selling products.
• D) These companies get paid every time a user visits their Web site.
• E) These companies sell online space to other Web sites and are paid for the service.

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Definitions:

Elastic

A characteristic of a demand or supply curve which shows a high responsiveness to changes in price.

Inelastic

Refers to a condition in which the demand or supply of a product or service remains largely unaffected by variations in its price.

Pure Monopolist

A market scenario where a single company or entity exclusively controls the entire supply of a particular product or service, without any close substitutes or competition.

Socially Optimal

A condition or outcome that maximizes societal welfare, considering both efficiency and equity among members of society.