Anyone Who Becomes a Member of MySpace,Twitter,Facebook,or Other Social Networking

question 40

Multiple Choice

Anyone who becomes a member of MySpace,Twitter,Facebook,or other social networking sites is a

• A)Collector.
• B)Spectator.
• C)Joiner.
• D)Creator.
• E)Critic.

---

Definitions:

Market Price

The current value at which a good or service can be bought or sold in a marketplace, determined by the forces of supply and demand.

Perfect Price Discrimination

Perfect price discrimination occurs when a seller charges every consumer the maximum they are willing to pay, capturing the entire consumer surplus as profit.

Marginal Revenue

The additional revenue that a company gains by selling one more unit of a product or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping.