Vertical Portals Consisting of Industry Marketplaces, Independent Exchanges, and Public

question 41

Short Answer

Vertical portals consisting of industry marketplaces, independent exchanges, and public marketplaces are known collectively as _____ marketplaces.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded.

Complements

Complements are goods or services that are used together, where the use or consumption of one increases the demand for the other, such as coffee and sugar.

Substitutes

Products or services that can replace each other in use, where an increase in the price of one leads to an increase in demand for the other.

Substitutes

Goods or services that can replace each other in use, where an increase in the price of one leads to an increased demand for the other.