A _______________ Is a Text File Placed on a User's

question 4

Multiple Choice

A _______________ is a text file placed on a user's computer in order to identify the user when she or he revisits the Web site.

• A)Click
• B)Cookie
• C)Tool
• D)Memory icon

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Definitions:

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing the excess over the opportunity cost.

Pure Competition

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price-taking behavior.

Nonprice Competition

Competition based on distinguishing one’s product by means of product differentiation and then advertising the distinguished product to consumers.

Real Characteristics

The tangible and genuine attributes or qualities that define an entity, object, or condition without distortion by perceptions or other external factors.