Examlex
What is the capability of two or more computer systems to share data and resources, even though they are made by different manufacturers?
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total net benefits received by all participants.
Good
A material item or service that fulfills wants or needs, often exchanged in economic transactions.
Equilibrium Price
The market price at which the quantity of a good or service demanded equals the quantity supplied.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price in a market.
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