Most Internet Search Engines Maintain an Index of Billions of Web

question 8

Multiple Choice

Most Internet search engines maintain an index of billions of Web pages. These indexes are updated using:

• A) The users of the search engine.
• B) Dedicated employees.
• C) Automated webcrawlers.
• D) A combination of all of these.

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Definitions:

Perfectly Competitive

Describes a market structure where all firms sell identical products, there are many buyers and sellers, and no single entity can influence the market price.

Industry Experience

Refers to the practical knowledge and insight gained through direct involvement and work within a specific industry.

Normal Returns

The minimum profit necessary for a company to remain competitive in the market, essentially covering opportunity costs.

Perfectly Elastic

Describes a situation in demand or supply where the quantity demanded or supplied changes infinitely in response to any change in price.