Examlex
Technician A says engine load can be monitored electronically through the various electronic sensors that send information to a TCM. Technician B says the most commonly used load sensor is a VSS. Who is correct?
Profits
The financial gain made in a transaction or the operation of a business after deducting all expenses.
Pure Monopoly
A market structure where a single seller controls the entire market for a particular good or service, with no close substitutes.
Fair-return Price
A price that allows a company to cover its costs and make a reasonable profit.
Short Run
A period in economics where at least one input is considered fixed in the production process.
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