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__________ Refers to the Technology That Allows Data, Collected from Sensors

question 21

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__________ refers to the technology that allows data, collected from sensors in all types of machines, to be sent over the Internet to repositories where it can be stored and analyzed.


Definitions:

Economic Profit

The net gain of a company after deducting both its explicit and implicit expenditures from its aggregate revenue.

Monopolistic Competitor

a firm that operates in a market with many competitors, each offering a product that is similar but not identical.

Minimum ATC

The lowest point on the Average Total Cost curve, indicating the most efficient scale of production for minimizing costs.

Monopolistic Competitors

Firms operating in a market structure characterized by a high number of sellers offering differentiated products.

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