The Special Cards That Users Can Store in Their Cars

question 44

Multiple Choice

The special cards that users can store in their cars to gain access to parking lots and breeze through collection booths on toll roads are examples of:

• A)RFID systems
• B)NFC systems
• C)POS systems
• D)MICR systems

---

Definitions:

Imperfectly Competitive Industry

A market structure characterized by a few producers that have some control over the price and where products are differentiated.

Control Over Price

The ability of a person or entity to influence the market price of a product or service.

Individual Producer

A single entity or person that creates goods or provides services in an economy.

Market Power

Refers to the ability of a firm or group of firms to manipulate the price and output levels in the market to their advantage.