What Is Designed to Connect a Group of Computers in Close

question 4

Multiple Choice

What is designed to connect a group of computers in close proximity to each other such as in an office building, a school, or a home?

• A)local area network
• B)wide area network
• C)metropolitan area network
• D)peer-to-peer network

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Definitions:

Profit-Maximizing

Strategies or actions taken by firms to increase their surplus by adjusting output or pricing based on marginal cost and marginal revenue.

Purely Competitive

A market structure characterized by a large number of sellers producing identical products where each seller is a price taker due to the high level of competition.

Wage Rate

The standard amount of compensation paid to an employee per unit of time for their labor or services.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor, such as labor, keeping other factors constant.