Which of the Following Statements Is True About the Internet

question 15

Multiple Choice

Which of the following statements is true about the Internet?

• A)Internet is interactive.
• B)Internet allows for a one-way flow.
• C)The increase in low speed internet connections has led users to spend more time online.
• D)Internet is a unidirectional medium.
• E)Internet allows consumer to control the messages but does not allow them to provide their own content.

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Definitions:

Marginal Cost

Marginal cost is the cost of producing one additional unit of a good or service.

Consumer Demand

The desire of purchasers, consumers, clients, or users to buy goods and services measured over time.

Competitive Industry

An industry characterized by many buyers and sellers, such that no single market participant has significant influence over prices.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and firms are making neither excess profit nor losses, typically reached over time.