In a Case-Based Reasoning System, the CBS System _____ If

question 113

Multiple Choice

In a case-based reasoning system, the CBS system _____ if there is no exact match between the new case and cases stored in the database.

• A)can query the user for clarification
• B)can request that the user reprogram the system
• C)automatically terminates
• D)designs a new solution

---

Definitions:

Economic Profits

The excess of total revenue over total costs, including both explicit and implicit costs, signifying a return beyond the normal profit level.

Natural Monopoly

A market situation where due to high fixed or startup costs, a single firm can supply a product or service at a lower cost than any potential competitor, leading to a dominance of the market.

Long-Run Average Costs

Reflects the per-unit cost of production when all inputs are considered variable over time, highlighting economies of scale.

Perfectly Price-Discriminated

A pricing strategy where a seller charges the maximum possible price that each consumer is willing to pay, leading to maximum profit without surplus.