Examlex
An information system that allows a cell phone user to limit the volume of data transferred through the Internet creates a competitive advantage as part of a product.
Just over
Slightly more than a specified amount, number, or degree.
Consumer Surplus
The discrepancy between what consumers are ready and able to spend on a good or service and the amount they end up paying.
Producer Surplus
The difference between the amount that producers are willing to accept for a good or service and the actual amount they receive.
Costly Negotiations
Negotiation processes that involve significant expenses, time, or resources, which can affect the willingness of parties to reach an agreement.
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