__________ Is the Name for the Business Technology of the 1980s.Its

question 80

Short Answer

__________ is the name for the business technology of the 1980s.Its role changed from supporting the business to doing business.Technology such as ATMs and voice mail are examples.

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Definitions:

Natural Monopolist

A type of monopoly that occurs when a single firm can supply a product or service to an entire market at a lower cost than two or more firms could.

Market Demand Curve

A graphical representation that shows the relationship between the price of a good and the total quantity demanded by all consumers in the market.

Barrier To Entry

Factors that make it difficult for new firms to enter a market, such as high initial costs or stringent regulations.

Video Game Console

A video game console is a specialized computer system designed for interactive video gaming, often connected to a television or other display.