When Using the Internet, Your _____ Is Often Tracked

question 22

Multiple Choice

When using the Internet, your _____ is often tracked:

• A)visits to web sites
• B)product preferences
• C)both A & B
• D)none of the above

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Definitions:

X-inefficiency

The inefficiency that occurs in a firm due to a lack of competitive pressure, leading to higher costs than necessary.

Pure Competition

A market structure characterized by a large number of small firms, homogenous products, and free entry and exit, leading to price-taking behavior.

Pure Monopoly

A market scenario in which one company monopolizes the entire market for a specific product or service, lacking any significant alternatives.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.