Cybercrime Refers to Any Illegal Act That Involves A(n)________ System

question 42

Short Answer

Cybercrime refers to any illegal act that involves a(n)________ system.

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Deadweight Loss

The loss of economic efficiency when the equilibrium in a market is not achieved or is unachievable, leading to a potential loss of social welfare.

Excise Tax

A tax charged on specific goods and services, such as tobacco, alcohol, and gasoline.