Providing Location-Based Services Requires a Variety of Location-Based and Network

question 154

Short Answer

Providing location-based services requires a variety of location-based and network technologies. _________________ consists of groups of servers that combine the position information with geographic- and location-specific content to provide an l-commerce service.

---

Definitions:

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Inefficiencies

Inefficiencies refer to situations where resources are not used in the most effective way, leading to wasted potential in production, distribution, or allocation of goods and services.

Efficient Scale

The level of production at which a firm’s average total costs are minimized.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power.