The Most Potentially Valuable and Challenging Type of Information Is

question 102

Multiple Choice

The most potentially valuable and challenging type of information is _____________-the semi-structured or unstructured content generated by humans from social media, mobile devices, search engines, and sensors as well as texts, images, audio, and video.

• A) Human information
• B) Multi-media information
• C) Cultural information
• D) Qualitative information

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Definitions:

Marginal Cost

The rise in cost resulting from the manufacture of an additional unit of a product or service.

Public Good

A product or service that is non-excludable and non-rivalrous, meaning that one's use of the good does not reduce its availability to others.

Positive Externality

A benefit that is enjoyed by a third-party resulting from an economic transaction to which they were not involved.

Public Good

A product or service that is non-excludable and non-rivalrous, meaning it can be consumed by multiple people without diminishing its availability to others.