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What Is a Computer Network That Provides Data Communication Services

question 56

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What is a computer network that provides data communication services for business in geographically dispersed areas (such as across a country or around the world) .


Definitions:

Industry Supply Curve

A graphical representation showing the relationship between the price of a good and the total output of the industry for that good.

Elastic

Describes a situation where the quantity demanded or supplied changes significantly in response to a change in price.

Average Variable Cost

The total variable cost divided by the quantity of output produced, representing the variable cost of producing one unit of a good or service.

Short Run

A period during which at least one factor of production is fixed, affecting the production capacity.

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