Tom and Andy Are Discussing File Storage

question 148

Multiple Choice

Tom and Andy are discussing file storage. They are working on a major project and want to be sure they can store their files in a way so they can easily be found and shared with others.
-Andy sent Tom a picture file as a JPEG.Tom wants to convert it to a GIF.To do that,Tom should ____.

• A) he can't do that
• B) ask Andy to resend it in the correct format
• C) open it in Photoshop and convert it
• D) none of the above

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Definitions:

Monopolistic Competition

A market structure where many companies sell products that are similar but not identical, allowing them some power to set prices.

Oligopoly

A distinct form of market where only a few companies have significant influence over industry prices and competition.

Herfindahl Index

A measure of market concentration used to determine the competitive landscape by summing the squares of the market shares of all firms in the industry.

Market Shares

The segment of a market dominated by a specific company or product, usually represented as a percentage.