The Online World Tends to Flatten Out Hierarchies and Equalize

question 3

True/False

The online world tends to flatten out hierarchies and equalize status, partly because many of the cues used to establish status are less apparent.

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Definitions:

Free Entry

A market condition where there are no barriers for new competitors to enter the market and compete with existing firms.

Fashion Jewelry

Jewelry designed to complement the current fashion trends rather than serve as collectible or investment items, often made with non-precious materials.

Mineral Mining

The process of extracting minerals from the earth, which can include metals, gems, and other geological materials.

Dramatic Decline

Dramatic decline refers to a rapid and significant decrease in value, quantity, or quality of an economic indicator, asset, or other measurable factors.