Select the Main Reason for the Initial Development of the World

question 3

Multiple Choice

Select the main reason for the initial development of the World Wide Web from the list below:

• A) To allow companies to advertise over the Internet.
• B) To allow companies to conduct commerce over the Internet
• C) To allow communication between researchers and links between research papers
• D) none of the above

---

Definitions:

Average Total Cost Curve

A graph that shows a firm's per-unit cost (both fixed and variable) at various levels of output.

Upward-sloping

Describes a curve on a graph that moves higher as it goes from left to right, often used to illustrate the relationship between price and supplied quantity in supply curves.

Short-run Supply Curve

A graphical representation showing the quantity of goods that producers are willing to supply at various prices over a short period, where at least one input is fixed.

Perfectly Competitive Market

A theoretical market structure characterized by an infinite number of small firms, homogeneous products, perfect information, and ease of entry and exit.