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Market Power and Monopoly

Which of the ...

Question

Which of the following inventions is responsible for the phrase "networked individuals and firms are more efficient than networthed individuals"?

A

Solar power

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B

Internet

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C

Personal computer

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D

Smartphone

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Solution

The correct option is B Internet
Internet is responsible for the phrase "networked individuals and firms are more efficient than networthed individuals" as internet usage depends on the network availability in a given area rather than money availability with person. Internet requires a good speed of network in an area given.

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