_____ Refers to a Broad Class of Web Sites and Services

question 53

Multiple Choice

_____ refers to a broad class of Web sites and services that allow users to connect with friends, family, and colleagues online as well as meet people with similar interests or hobbies.

• A)Social networking
• B)Podcasting
• C)Gigapop
• D)Weblogging

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Definitions:

Simultaneous Move Game

A scenario in game theory where all players make their decisions at the same time without knowing the choices of others.

Nash Equilibrium

A concept in game theory where no player can benefit from changing strategies if the other players keep their strategies unchanged.

Low Price

Refers to the practice of setting the cost of goods or services at a minimal level, often to attract customers or compete in the market.

High Price

The characteristic of goods or services being offered at a cost considered above the average or expected market value.