The Transformation of Individual Components Such as Characters or Bits

question 17

Multiple Choice

The transformation of individual components such as characters or bits of an unencrypted message into encrypted components is known as ____.

• A) key
• B) cryptosystem
• C) cipher
• D) steganography

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Definitions:

Oligopoly

A market structure characterized by a few firms dominating the industry, leading to limited competition and often high prices for consumers.

Prisoner's Dilemma

A standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interest to do so.

Market Share

The share of a market that a certain company or product holds, frequently quantified as a proportion of the market's total sales.

Near-monopolies

Companies or entities that dominate a market to such an extent that they face little competition, often controlling prices and supply in the market.