Examlex

Solved

In October 2006, __________ Bought YouTube for $1

question 99

Multiple Choice

In October 2006, __________ bought YouTube for $1.65 billion, only 21 months after its founding.


Definitions:

Producer Surplus

The gap between the price sellers are ready to accept for a good and the actual price obtained.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved, leading to an underproduction or overproduction of that good or service.

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium outcome is not achieved or when the market does not allocate resources at the optimal point.

Tax Revenue

The profit derived by governments from tax collection.

Related Questions