Software That Is Free to Everyone Is Known as

question 100

Multiple Choice

Software that is free to everyone is known as

• A)Microsoft Office.
• B)public domain software.
• C)public-access software.
• D)shareware.

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Definitions:

Natural Monopoly

A market condition where a single supplier is most efficient in serving the entire market's demand, often due to high barriers to entry like significant infrastructural costs.

Perfect Competition

A market structure characterized by a large number of buyers and sellers, homogeneous products, free entry and exit, and perfect information.

Total Revenue

The combined sum of earnings a company receives for its goods sold and services rendered over a particular time span.

Standardized Product

Goods or services that are uniform in quality and performance, allowing them to be interchangeable.