The Internet Has Its Roots in a Network That Became

question 69

Multiple Choice

The Internet has its roots in a network that became functional in 1969, linking scientific and academic researchers across the United States. What was the name of that network?

• A)ARPANET
• B)NSFnet
• C)LISTSERV
• D)MPEG

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Definitions:

Natural Monopoly

A market condition where the most efficient number of firms in the industry is one, due to the high infrastructure or fixed costs associated with distribution networks.

Willingness to Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting the value they place on it.

Income

The extraction of financial value, repetitively over time, from working engagements or investment pursuits.

Income Elasticity

A measure of how much the demand for a good or service changes with a change in the consumer's income.