Digital Economy Concepts Quiz

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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?

Pure bundling requires buying bundles and not individual items. (C) Signup and view all the answers

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

Monopoly (A) Signup and view all the answers

What best describes the platform economy?

An economy where businesses connect multiple user groups. (C) Signup and view all the answers

Which of the following best characterizes the data economy?

It emphasizes the harvesting and analysis of user data. (D) Signup and view all the answers

What is the main focus of the network economy?

Businesses that generate value primarily through network effects. (A) Signup and view all the answers

Which of the following defines Industry 4.0?

The use of ICT to develop smart factories with industrial robots. (A) Signup and view all the answers

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

Digital economy (C) Signup and view all the answers

What does the abbreviation ADSL stand for?

Asymmetric Digital Subscriber Line (D) Signup and view all the answers

Which abbreviation represents the concept of Consumer to Consumer transactions?

C2C (A) Signup and view all the answers

What does the abbreviation IoT refer to?

Internet of Things (B) Signup and view all the answers

Which of the following is the correct definition of LTE?

Long Term Evolution (A) Signup and view all the answers

What does the abbreviation ARPU stand for?

Average Revenue per User (A) Signup and view all the answers

What does the acronym SaaS stand for?

Software-as-a-Service (B) 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?

OTT (D) Signup and view all the answers

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

NFV (B) Signup and view all the answers

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

Uniform Resource Locator (A) 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?

UDP (B) Signup and view all the answers

Digital Good

A virtual object, part of a network, with no extra cost to make more. Value depends on the individual or group.

Marginal Cost

The expense of making one more unit of something. Digital goods/services have a very low marginal cost.

Monopoly

One seller offers a product without substitutes. They control the price.

Perfect Competition

Lots of sellers and buyers, complete information. One competitor's actions have small impact on the market.