________ Is a Rule-Based Technology That Can Represent the Imprecise

question 87

Multiple Choice

________ is a rule-based technology that can represent the imprecise categories by creating rules that use approximate or subjective values.

• A)CBR
• B)Fuzzy logic
• C)A genetic algorithm
• D)An expert system

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Definitions:

Perfect Competitors

Firms operating in a market where there are many sellers and buyers, products are homogenous, and there is free entry and exit from the market.

Short Run

A period in economics during which at least one input (like factory size) is fixed and cannot be changed, contrasting with the long run where all inputs can be varied.

Industry

is the aggregate of manufacturing or technically productive enterprises in a particular field, characterized by the goods or services they produce.

Horizontal Demand Curve

A graphical representation of a market where the quantity demanded changes significantly while the price remains constant.