Online Content, Such as Videos, Is Said to Go Viral

question 48

Multiple Choice

Online content, such as videos, is said to go viral when it is ________.

• A) created using technologies such as digital image processing
• B) published on both offline and online media
• C) published in a wide variety of digital formats
• D) shared and promoted by several individuals on social media outlets

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Definitions:

Marginal Cost

The cost added by producing one more item of a product, a crucial factor in economic decision-making regarding production levels.

Economic Profit

The difference between a firm’s total revenues and its total costs, including both explicit and implicit costs, representing the actual financial gain.

Accounting Profit

The total revenue of a business minus its explicit costs, reflecting the financial gain as recorded in the financial statements.

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and free entry and exit.