The Switch Operates in Place of a ____

question 89

Multiple Choice

The switch operates in place of a ____.

• A) repeater
• B) bridge
• C) router
• D) hub

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Definitions:

Socially Optimal

A state or outcome of an economic or social process that maximizes societal welfare, taking into account all costs and benefits to society.

Fair-Return

A principle whereby regulated entities are allowed to set prices that cover their costs and provide a reasonable profit.

Price-Discriminating

A pricing strategy where a seller charges different prices for the same product or service to different customers based on various factors.

Elastic

In economics, it describes a situation where the demand or supply for a good changes significantly in response to price changes.