Bandwidth-Sharing Problems on Ethernet Networks Caused by Using a Hub

question 22

Short Answer

Bandwidth-sharing problems on Ethernet networks caused by using a hub can be resolved by replacing the hub with a (n)____________________.

---

Definitions:

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Monopolistic Competition

A market structure characterized by many firms selling similar but not identical products, with each having some control over its own prices.

Price Makers

Entities in a market that have the power to set prices for goods or services because they hold significant control over the market or the product.

Oligopoly

A market structure in which a small number of firms dominate the market, leading to limited competition and possibly higher prices for consumers.