Initially,Facebook Targeted Which Market Segment of Consumers

question 227

Multiple Choice

Initially,Facebook targeted which market segment of consumers?

• A) grade school children ages 6 to 12 years old
• B) high school students
• C) college students
• D) adults with professional occupations
• E) senior adults 55 years and older

---

Definitions:

Purely Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product, leading to price taking by firms.

Marginal Product

The additional output resulting from the use of one more unit of a factor of production.

Marginal Product

The marginal product is the additional output produced as a result of adding one more unit of a specific input, keeping other inputs constant.

Purely Competitive

A term often used interchangeably with "perfectly competitive," referring to a market with many buyers and sellers, all trading identical products.