Businesses Use Social Networking to

question 55

Multiple Choice

Businesses use social networking to

• A)connect dispersed employees.
• B)provide a forum for collaboration.
• C)to solicit customer feedback when researching and developing products.
• D)All answer choices demonstrate how businesses use social networks.

---

Definitions:

Identical Firms

Identical firms refer to businesses within the same industry that have no significant differences in their products, production methods, or operational efficiency.

Linear Marginal Cost

A cost structure where the marginal cost of producing one additional unit is constant, regardless of the quantity produced.

Market Price

The current price at which an asset or service can be bought or sold, determined by the supply and demand forces in the market.

Long-Run Supply Curve

A graphical representation showing the relationship between price and the quantity supplied over time, when all inputs can be adjusted.