The Key Developments of Web ________ Were the Creation of Websites

question 5

Multiple Choice

The key developments of Web ________ were the creation of websites and the commercialization of the web.

• A) 1.0
• B) 2.0
• C) 3.0
• D) 4.0

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Definitions:

Maximize Profits

The goal of businesses to achieve the highest possible level of profit through revenue maximization and cost minimization.

Nondiscriminating Monopolist

A monopolist who charges all consumers the same price for its product, regardless of the quantity demanded or consumer preferences.

Marginal Cost

The investment needed to produce an extra unit of a product or service.

Profit-Maximizing

The process or strategy of adjusting the production and sale of goods or services to generate the highest possible profit.