Of the Following,what Is One of the Benefits of Rapid

question 60

Multiple Choice

Of the following,what is one of the benefits of rapid development at manageable costs for Internet technologies?

• A) Platform independence and portability
• B) Availability of multiple development tools
• C) Reduced requirements
• D) Reduced training time

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Definitions:

Joint Profits

The combined earnings or profits generated by a partnership or collaboration between two or more entities or firms.

Non-collusive Oligopolist

A firm in an oligopoly market structure that independently sets prices or output levels without engaging in explicit agreements with rivals.

Equilibrium Price

The price at which the quantity of a good or service supplied equals the quantity demanded, resulting in no surplus or shortage in the market.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where market supply and demand balance each other.