While Watching the Recent Election or SuperBowl,a Twitter Hashtag Was

question 116

Multiple Choice

While watching the recent election or SuperBowl,a Twitter hashtag was superimposed at the bottom of the television screen,encouraging viewers to tweet their thoughts about the event.Considering that 65 percent of Canadians are also using this space for accessing the internet and using various gadgets,experts are referring to this shift as the new:

• A)digital living room
• B)internet space
• C)digital domain
• D)internet domain

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Definitions:

Increasing-Cost Industry

An industry in which production costs increase as output expands, often due to factors like resource depletion or increased demand for inputs.

Entry

The act of a new competitor joining a market, which can influence market dynamics, prices, and competitive strategies.

Input Prices

Refers to the costs associated with the goods and services used in the production of another product, affecting the overall cost of production.

Average Variable Costs

The total variable costs divided by the number of units produced, indicating the average cost of producing each unit excluding fixed costs.