Examlex

Solved

Web 30 Will Deliver a New Generation of Business Applications That

question 14

True/False

Web 3.0 will deliver a new generation of business applications that will see business and social computing converge on the same fundamentals as on-demand architecture is converging with consumer applications today.


Definitions:

Product Demand

The desire and willingness of consumers to purchase a particular good or service at a given price.

Oligopoly

A market structure characterized by a few firms dominating the industry, leading to limited competition and potentially higher prices for consumers.

Pure Competition

A market scenario where numerous sellers offer homogenous products, making the market highly competitive.

Differentiated Oligopoly

A market structure where a few firms dominate the industry but offer products that are distinct in some aspect, leading to non-price competition among them.

Related Questions