All of the Following Are True About Data Mining Except

question 69

Multiple Choice

All of the following are true about data mining except which?

• A) Because some of the information found on the Internet is factually incorrect, consumer profiles contain errors.
• B) Personal, private data on most Americans is available on the Internet.
• C) It is easy for others to find out your personal information through both online and offline sources.
• D) Businesses are required to inform consumers when they obtain their personal data.
• E) Many firms obtain consumer data by placing cookies on a person's computer or use tracking apps on a user's mobile phone.

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Definitions:

Nondiscriminating Monopolist

A monopolist who charges a single price for all units of output sold, rather than charging different prices to different consumers.

Society's View

The collective opinions, beliefs, and values held by a community or society on various topics.

Pure Monopolists

Firms that are the sole providers of a product or service in a market, facing no direct competition.

Economic Profits

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing a measure of efficiency and profitability.