Which of the Following Web Sites Was the First Social

question 133

Multiple Choice

Which of the following Web sites was the first social networking site that allowed users to create their own personal Web pages to share words and pictures with others?

• A)Friendster
• B)Twitter
• C)MySpace
• D)Facebook

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Definitions:

Marginal External Cost

Increase in cost imposed externally as one or more firms increase output by one unit.

Socially Optimal Output

The level of production or output that is most beneficial for society as a whole, considering both production costs and externalities.

Market Price

Price prevailing in a competitive market.

Dynamic Inefficiencies

Inefficiencies that occur over time due to factors such as technological changes, market adjustments, or policy shifts, affecting long-term economic performance.