What Is Data Redundancy

question 225

Multiple Choice

What is data redundancy?

• A)Duplication of data
• B)Storing the same data in multiple places
• C)Storing duplicate data in multiple places
• D)All of the above

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Definitions:

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Marginal External Damages

Additional harm or cost imposed on society or a third party that is not accounted for by the producer or consumer of a good or service.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both the cost to the producer and the cost to society of any environmental or other externalities.

Monopoly

Market with only one seller.