When the Usenet News Service Began Operating in 1979, the Only

question 131

Multiple Choice

When the Usenet News Service began operating in 1979, the only way to read or post articles to newsgroups was to install and run a software program, called a ____.

• A) news widget
• B) news catcher
• C) newsreader
• D) news group

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Definitions:

Average Variable Cost

The variable cost per unit of output.

Short-Run Marginal Cost

The cost incurred by producing one more unit of a product or service in the short term, where some inputs are fixed.

Average Variable Cost

The cost per unit of output that varies with the level of production, excluding fixed costs.

Market Power

The ability of a firm or group of firms to manipulate the price of goods or services in the market, often due to lack of competition.