Computerization of the business world since the 1980s and the development of the Internet in the 1990s

A) created more perfectly competitive firms.
B) brought businesses closer to a state of perfect knowledge.
C) created perfect mobility among resources thus making all businesses closer to the state of perfect competition.
D) has made products more identical.

Computerization

The process of applying computer technology and systems to automate tasks, processes, and operations, transforming how work is done, data is managed, and information is shared.

Perfect Competition

A market structure characterized by a complete absence of rivalry among the producers, with many buyers and sellers, where all entities sell an identical product.

Perfect Knowledge

A hypothetical situation in economics where all consumers and producers have complete and instantaneous knowledge of all market prices, conditions, and trends.