Which of the Following Statements About the Internet Business Is

question 44

Multiple Choice

Which of the following statements about the Internet business is false?

• A) It has removed certain entry barriers that have historically restricted quick market entry.
• B) It provides one of the easiest and most efficient methods of becoming global quickly.
• C) It provides a more diverse customer base than building-based businesses.
• D) It experiences more problems than "bricks and mortar" business during times of financial crises.

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Definitions:

Consumer Surplus

The gap between the aggregate amount consumers are willing to pay for a good or service and the sum they actually pay.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service relative to its market price, essentially the profit producers make.

Price Discrimination

Price discrimination occurs when a seller charges different prices for the same product or service to different customers, based on the willingness to pay, often to maximize revenue.

Oligopolist

An oligopolist is a producer or seller in an oligopoly market structure, characterized by a small number of firms dominating the market, leading to limited competition.