Digital Economy Concepts Quiz
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Questions and Answers

What defines a digital good?

  • A networked zero marginal cost virtual object (correct)
  • A tangible product available only locally
  • A networked service with high marginal costs
  • A physical object that has low production costs

    • Which of the following costs is specifically related to the agreement terms between consumer and provider?

  • Policing and Enforcement Costs
  • Bargaining Costs (correct)
  • Variable Costs
  • Search Costs

    • In which type of market structure do a few sellers influence market share significantly?

  • Monopoly
  • Oligopoly (correct)
  • Monopolistic Competition
  • Perfect Competition

    • What differentiates mixed bundling from pure bundling?

    <p>Pure bundling requires buying bundles and not individual items.</p> Signup and view all the answers

    Which term describes a market with one seller and no substitutes?

    <p>Monopoly</p> Signup and view all the answers

    What best describes the platform economy?

    <p>An economy where businesses connect multiple user groups.</p> Signup and view all the answers

    Which of the following best characterizes the data economy?

    <p>It emphasizes the harvesting and analysis of user data.</p> Signup and view all the answers

    What is the main focus of the network economy?

    <p>Businesses that generate value primarily through network effects.</p> Signup and view all the answers

    Which of the following defines Industry 4.0?

    <p>The use of ICT to develop smart factories with industrial robots.</p> Signup and view all the answers

    Which term describes the economy based on information and communication technology?

    <p>Digital economy</p> Signup and view all the answers

    What does the abbreviation ADSL stand for?

    <p>Asymmetric Digital Subscriber Line</p> Signup and view all the answers

    Which abbreviation represents the concept of Consumer to Consumer transactions?

    <p>C2C</p> Signup and view all the answers

    What does the abbreviation IoT refer to?

    <p>Internet of Things</p> Signup and view all the answers

    Which of the following is the correct definition of LTE?

    <p>Long Term Evolution</p> Signup and view all the answers

    What does the abbreviation ARPU stand for?

    <p>Average Revenue per User</p> Signup and view all the answers

    What does the acronym SaaS stand for?

    <p>Software-as-a-Service</p> Signup and view all the answers

    Which technology is primarily associated with delivering video and audio content over the internet without requiring traditional broadcasting methods?

    <p>OTT</p> Signup and view all the answers

    Which of the following technologies enables the virtualization of network services?

    <p>NFV</p> Signup and view all the answers

    What does the acronym URL represent in the context of internet technology?

    <p>Uniform Resource Locator</p> Signup and view all the answers

    Which technology is used to control how data packets are sent across networks and is crucial for Internet communication?

    <p>UDP</p> Signup and view all the answers

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