A Growing Number of College Campuses Have Wireless ____ on Campus

question 53

Multiple Choice

A growing number of college campuses have wireless ____ on campus that allow students to use their PCs to connect wirelessly to the college network and the Internet from anywhere on campus.

• A) hotspots
• B) hotpoints
• C) com spots
• D) com points

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Definitions:

Low Barriers

Conditions that make it easy for new firms to enter an industry, often leading to increased competition.

High Barriers

Referring to the substantial obstacles that prevent new competitors from easily entering an industry or market.

Economic Profit

The financial gain achieved when revenues exceed the total opportunity costs, including both explicit and implicit costs.

Competitive Price-searcher

This term refers to a market situation where sellers have some control over the pricing of their products due to factors like brand differentiation and lack of perfect information among buyers.