Examlex
Technician A says the EVAP monitor for an OBD-II system determines whether there is sufficient purge flow by varying the purge solenoid duty cycle while monitoring change in STFT. Technician B says the canister vent solenoid must be open during the EVAP pressure test portion of the monitor. Who is correct?
Industry Experience
Refers to the practical knowledge and insight gained through direct involvement and work within a specific industry.
Normal Returns
The minimum profit necessary for a company to remain competitive in the market, essentially covering opportunity costs.
Perfectly Elastic
Describes a situation in demand or supply where the quantity demanded or supplied changes infinitely in response to any change in price.
Perfectly Competitive
A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit, which leads to price being equal to marginal cost.
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