What Is Simplelocker

question 2

Multiple Choice

What is Simplelocker?

• A) A form of malicious software that infects your computer and asks for money
• B) A ransomware program that encrypts your personal files and demands payment for the file's decryption keys
• C) Software that allows Internet advertisers to display advertisements without the consent of the computer user
• D) A special class of adware that collects data about the user and transmits it over the Internet without the user's knowledge or permission

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Definitions:

Oligopoly

A market structure characterized by a small number of firms that have significant control over market prices and competition.

Monopolistically Competitive Firm

A company that operates in a market structure characterized by many sellers offering differentiated products, allowing for some control over pricing.

Socially Optimal Level

The most efficient allocation of resources or production level that maximizes social welfare, often considered in terms of economic or environmental outcomes.

Many Sellers

A characteristic of competitive markets where a large number of producers offer similar or identical products, ensuring no single seller can influence the market price or conditions.