What Is Information Reach

question 298

Multiple Choice

What is information reach?

• A)A global public network of computer networks that pass information from one to another using common computer protocols
• B)Refers to the depth and breadth of information transferred between customers and businesses
• C)Measures the number of people a firm can communicate with all over the world
• D)Occurs when those with access to technology have great advantages over those without access to technology

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Definitions:

MC Of Reducing

The marginal cost associated with reducing an output or activity, usually referring to cutting down on production or operational processes.

Marginal Social Benefit

The additional benefit to society from consuming or producing one more unit of a good or service.

Marginal Social Cost

The extra expense borne by the entire society resulting from the manufacture of an additional unit of a product or service.

Trade Permits

Legal documents or licenses required to engage in certain types of trade or business, often used to regulate or protect industries.