Capabilities and Services Provided by Social Networking Sites Include

question 62

Multiple Choice

Capabilities and services provided by social networking sites include

• A) discussion forums.
• B) blogs for discussion and dissemination of information.
• C) viewing and sharing photos, videos, and documents.
• D) all of the above.

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Definitions:

Pure Monopolist

A market structure where a single firm controls the entire market for a product or service, with no close substitutes and high barriers to entry.

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies with changes in quantity sold.

Upsloping Curve

A graphical representation showing a positive relationship between two variables, where an increase in one variable results in an increase in the other.

Average Revenue

Total revenue from the sale of a product divided by the quantity of the product sold (demanded); equal to the price at which the product is sold when all units of the product are sold at the same price.