Complete the Following Using the Terms Listed

question 106

Multiple Choice

Complete the following using the terms listed.
-_____ is a wireless network that connects various devices and allows them to communicate with one another through radio waves.

• A)CIO
• B)Knowledge management
• C)decision support system
• D)firewall
• E)application service provider
• F)virtual private network
• G)Wi-Fi
• H)intranet
• I)malware
• J)local area network
• K)data
• L)digital workforce
• M)expert system
• N)executive support system
• O)spyware
• P)database
• Q)cloud computing
• R)botnet
• S)information system
• T)disruptive innovations
• U)unicorns

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Definitions:

Marginal Cost

An increase in the full cost that comes from producing an additional unit of a product or service.

Monopolistic Competition

A market structure characterized by many firms selling products that are substitutes but not perfect substitutes, leading to each firm having some market power.

Perfect Competition

A market structure characterized by an infinite number of small firms, identical products, and easy market entry and exit, leading to companies not having pricing power.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for some differentiation and price control.