SQL Is

question 119

Multiple Choice

SQL is:

• A)a standardized fourth generation language found in most DBMSs.
• B)a storage tool that holds the data and definitions for a database.
• C)an administrative tool that allows you to set access rights for database users.
• D)a programming language that can be used instead of a DBMS.

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Definitions:

Monopolistic Competition

A common form of industry (market) structure characterized by a large number of firms, no barriers to entry, and product differentiation.

Perfectly Competitive

A market structure where there are many sellers and buyers, homogeneous products, and no single buyer or seller can influence prices.

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing for product differentiation and some control over price.

Oligopolistic

Pertaining to a market structure where a small number of firms dominate the industry, leading to limited competition and high barriers to entry.