After Yahoo! Was Introduced as an Easy Way to Search

question 13

Multiple Choice

After Yahoo! was introduced as an easy way to search the World Wide Web,it was followed by other search engines,some of which had improved or faster ways to search the web.This is an example of how one innovative idea can

• A) ruin the business of someone else.
• B) slow down obsolescence.
• C) stimulate more innovations and create a new market.
• D) never be truly copied.

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Definitions:

Food

Nutrient-rich substances consumed by organisms to provide energy and maintain life.

Utility Possibilities Frontier

A graphical representation showing all the possible combinations of two goods that two countries (or agents) can efficiently produce using all of their resources.

Marginal Rates

The amount of change in a variable (often related to costs or taxes) associated with a one-unit change in another variable.

Utility Functions

Mathematical representations describing the level of satisfaction or utility that a consumer derives from consuming a good or combination of goods.