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Today most business firms have discontinued operating their legacy systems, replacing these with inexpensive Web services and hosted software.
Aluminum
A lightweight, silvery-white metallic element used in a wide range of applications including transportation, construction, and packaging due to its durability and resistance to corrosion.
Marginal Revenue
The additional income from selling one more unit of a good; sometimes equal to price.
Pure Monopoly
A market structure where a single seller controls the entire supply of a product or service, with no close substitutes available.
Monopolistic Competition
A market structure characterized by many firms selling products that are similar but not identical, leading to some degree of market power in setting prices.
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Q109: Which of the following is not a