Which of the Following Statements Accurately Summarizes the Relationship Between

question 12

Multiple Choice

Which of the following statements accurately summarizes the relationship between client/server processing and peer-to-peer processing?

• A) Client/server processing is a type of peer-to-peer processing in which servers provide computing services for user PCs called clients.
• B) Peer-to-peer processing is a type of client/server processing in which each computer acts as both a server and a client.
• C) Peer-to-peer processing involves thin clients with no local storage, whereas client/server processing involves fat clients with abundant local storage.
• D) None of these options

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Definitions:

Purely Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are perfect substitutes.

Long Run

A period where all inputs or factors of production can be varied, allowing full adjustment to changes in the market or economy.

Short Run

A period in economics where at least one input is fixed and cannot be changed by the firm.

Market Price

The price at which a good or service is offered in the marketplace, determined by supply and demand dynamics.