Examlex
New versions of an operating system usually are ____________________ compatible.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved due to market inefficiencies.
Consumer Surplus
The difference in planned versus actual spending by consumers on a good or service.
Price Discrimination
A pricing strategy where a firm charges different prices for the same product or service to different consumers, based on their ability to pay, in order to maximize profits.
Privatizing
The act of moving control and ownership from the government to private entities, including businesses, enterprises, agencies, or public services.
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