The Transport Layer of TCP/IP Is Responsible for Which of the Following

question 15

Multiple Choice

The Transport Layer of TCP/IP is responsible for which of the following?

• A) placing packets on and receiving them from the network medium
• B) addressing, packaging, and routing messages
• C) providing communication with the application by acknowledging and sequencing the packets to and from the application
• D) providing a variety of applications with the ability to access the services of the lower layers

---

Definitions:

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences, reflecting the highest possible welfare.

Economic Profits

Profits exceeding the opportunity costs of all resources employed, indicating above-normal returns.

Purely Competitive

Another term for perfectly competitive, describing a market with no single buyer or seller able to influence prices.

Demand Curves

Graphical representations of the relationship between the price of a good and the quantity demanded by consumers at various prices.