What Characteristic of a Competitive Market Has Made the "Long

question 202

Multiple Choice

What characteristic of a competitive market has made the "long run pretty short" in the market for iPhone applications?

• A)few firms in the market
• B)identical products
• C)ease of entry
• D)blocked entry

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Definitions:

Transport Layer Security

A cryptographic protocol designed to provide secure communication over a computer network.

Credit Card

A payment card issued to users as a method of payment allowing the cardholder to pay for goods and services based on the cardholder's promise to pay for them.

Whitelisting

A process in which a company identifies acceptable software and permits it to run, and either prevents anything else from running or lets new software run in a quarantined environment until the company can verify its validity.

Fully Configured

A state where a system, device, or software has been set up with all necessary components and settings for it to function as intended.