Percentage of Online Shoppers

question 186

Multiple Choice

percentage of online shoppers

• A) didn't begin to show promise until 2007 when online security measures improved.
• B) stabilized in 2009 when Internet penetration reached 98 percent of all U.S. households.
• C) grew rapidly during 2003-2005 and then declined sharply when the "dot.com bubble" burst in 2006.
• D) has grown year after year and is expected to continue to increase over the next few years.
• E) grew slowly for the first three years, spiked dramatically in 2008-2009, but is expected to slow just as dramatically due to a downturn in the economy and the implementation of new online-sales tax-collection laws.

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Definitions:

Pure Monopolist

A single supplier dominates the entire market for a particular good or service, without any competition.

Marginal Cost

The cost added by producing one additional unit of a product.

Nondiscriminating Natural Monopoly

A market condition where a single firm can supply the entire market's demand for a good or service at a lower cost than any competitor, without price discrimination.

Marginal Cost

The cost of producing one additional unit of a product or service, a critical concept in economic decision-making.