The ____________Available in Some Countries Is Too Narrow for High-Volume

question 57

Multiple Choice

The ____________available in some countries is too narrow for high-volume transmission of graphically and animation-rich webpages.

• A)wavelength
• B)infrared technology
• C)bandwidth
• D)wideband technology

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Definitions:

Free Rider Problem

A situation where individuals consume a public good without contributing to its cost, benefitting from others' contributions.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not reduce availability to others.

Public Goods

Goods or services that are available for all to consume, regardless of payment, such as public parks or national defense.

Economic Efficiency

A situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.