The __________, Introduced in 2001 and Now in Its Fifth

question 128

Multiple Choice

The __________, introduced in 2001 and now in its fifth generation, was the first commercially successful MP3 digital player.

• A)Sony X-series
• B)Phillips GoGear
• C)SanDisk Sansa
• D)Zune HD
• E)Apple iPod

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Definitions:

Market Failure

A scenario where goods and services distributed by an unrestricted market fail to achieve efficiency, frequently making a case for governmental involvement.

Poor Information

A situation where individuals or entities make decisions based on incomplete, inaccurate, or misleading information.

Repeat-purchase Item

A product or service that is bought by consumers on a regular basis due to its continuing need or satisfaction.

Free Riders

Individuals or entities that benefit from resources, goods, or services without paying for them or contributing to their provision.