____ Is the Most Expensive ATM Class of Service

question 77

Multiple Choice

____ is the most expensive ATM class of service.

• A) Variable bit rate (VBR)
• B) Available bit rate (ABR)
• C) Unspecified bit rate (UBR)
• D) Constant bit rate (CBR)

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Definitions:

Cartel

An association of independent businesses or countries that collaborate to control prices and limit competition within a particular market or industry.

Market Price

The prevailing cost at which one can buy or sell an asset or service.

Marginal Cost

The augmentation in total costs associated with the production of an additional unit of a product or service.

Cartel

A group of independent market participants who collude to control prices and production in order to monopolize a market.