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Technician A says most manufacturers use a limited number of multi-disc clutch packs and a set of planetary gears to allow the continuously variable transmission (CVT) to operate in reverse. Technician B says some hybrid transmissions use planetary gear sets to create a two-speed CVT. Who is correct?
Equal to Price
Equal to price refers to a situation where a particular value, cost, or measure is identical to the price level of a good or service, indicating a direct correlation between the two.
Total Revenue
The total amount of money received by a company from sales of its products or services before any expenses are subtracted.
Total Output
The total quantity of goods or services produced by a firm or economy.
Perfect Competition
A market structure characterized by a large number of small firms, a homogenous product, perfect information, and easy entry and exit, leading to firms being price takers.
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