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Technician A tests an MAF sensor with a scan tool by watching for erratic changes in flow while the engine idles. Technician B checks an MAF sensor by tapping it lightly with the handle of a screwdriver while watching the waveform on a lab scope. Who is correct?
Personalized Pricing
A pricing strategy where prices are set for individual customers based on their perceived willingness to pay, often using data analytics.
Barriers to Entry
Factors that prevent or impede the ability of a new competitor to enter and operate in an industry.
Monopoly
An economic condition where only one seller offers a distinctive product in the marketplace, with no similar alternatives available.
Natural Monopoly
A market condition where due to high fixed or start-up costs, efficient service is provided by a single firm instead of multiple competing firms, often seen in utilities sectors.
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