The Connection of Products and Machines for Sharing Data with Other

question 1

Multiple Choice

The connection of products and machines for sharing data with other devices is:

• A)Enterprise resource planning (ERP)
• B)Internet of Things (IoT)
• C)Unmanned autonomous vehicles (UAV)
• D)Radio frequency identification (RFID)

Distinguish monopoly profits and how they are calculated.

Recognize the deregulation and the effects on monopolistic markets.

Comprehend the conditions under which monopolies can sustain profits or incur losses.

Evaluate the role of government in regulating monopolies and preventing excessive pricing.

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Definitions:

Waiting Line

A queue or line formed when entities (people, objects, data) wait for service or processing, often analyzed to improve efficiency in various systems.

Waiting Line System

A mathematical model used to analyze the flow of customers or items in systems where there is a need to wait or queue, focusing on time spent in queues and system capacity.

Arrival Or Inputs

In operations research and systems management, refers to the entities that enter into a system or process for processing or service.

Queue Discipline

The rule or policy used to determine the order in which members of a queue are served or processed.