Smart Personal Object Technology Is Evident in Which of the Following

question 26

Multiple Choice

Smart Personal Object Technology is evident in which of the following technologies?

• A)PDA
• B)Apple Watch
• C)packet switching
• D)both A & B

Differentiate between innocent, fraudulent, and negligent misrepresentation.

Identify the consequences of affirming a contract after being a victim of misrepresentation.

Comprehend the concept of rescission and its application in cases of misrepresentation.

Acknowledge the role of specific facts and honesty of belief in determining the outcome of misrepresentation cases.

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Definitions:

Oligopolist X

A firm operating in an oligopoly market structure, characterized by a small number of firms dominating the market.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Cartel Success

The effectiveness of a cartel, a group of independent market participants who collude to raise prices and restrict output, in achieving its objectives of maximizing the profits of its members.

Differentiated Product

A good or service that is distinct from its competitors through variation in design, function, or quality.