Examlex
What type of tiered infrastructure is the most common approach used for Web applications today?
Natural Monopoly
A market condition where a single firm can supply the entire market at a lower cost than any combination of two or more firms due to economies of scale.
Social Regulation
Government-imposed regulations aimed at improving health, safety, and the welfare of the public, covering issues like pollution and workplace safety.
Antitrust Policy
Regulations and laws designed to promote competition and prevent monopolies, protecting consumers from predatory business practices.
Laissez-Faire Perspective
An economic philosophy of minimal government interference in the affairs of businesses and markets.
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