Cloud Fabric Is the Software That Makes the Benefits of Cloud

question 91

True/False

Cloud fabric is the software that makes the benefits of cloud computing possible, such as multi-tenancy.

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Definitions:

Pure Competition

Another term for perfect competition, where a market structure features many buyers and sellers, no barriers to entry, and homogeneous products.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual price they receive, representing the producers' benefit.

Minimum Price

The lowest price at which a good or service is permitted to be sold, often set by regulation.

Long-Run Supply Curve

A graphical representation showing the relationship between market price and quantity supplied over a long period, where all inputs can be adjusted.