Computer Networks That Use Packet Switching Are Much More Efficient

question 71

True/False

Computer networks that use packet switching are much more efficient than telephone networks that use circuit switching.

---

Definitions:

Oligopoly

A market structure characterized by a small number of firms controlling a large portion of the market share, leading to limited competition.

Marginal Cost

Marginal cost refers to the variation in total production expenses when there is an increase of one unit in the quantity produced.

Marginal Revenue

The change in total revenue that results from the sale of 1 additional unit of a firm’s product; equal to the change in total revenue divided by the change in the quantity of the product sold.

Mutual Interdependence

A situation in economics where the actions and decisions of one firm directly influence, and are influenced by, the actions and decisions of other firms within the same market.