The Model That Includes Abstract Types That Allow Users to Define

question 12

Multiple Choice

The model that includes abstract types that allow users to define data to be stored in the database is the:

• A) hierarchical database model
• B) network database model
• C) relational database model
• D) object-oriented database model

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Definitions:

Marginal Cost

The cost incurred by producing one additional unit of the product.

Monopolist

A Monopolist is a sole provider of a product or service in a market, facing no competition and having the power to control prices and market supply.

Perfect Price Discrimination

A pricing strategy where a seller charges each buyer their maximum willingness to pay, capturing the entire consumer surplus.

Average Revenue

The revenue a company receives per unit of goods or services sold, calculated by dividing total revenue by the number of units sold.