_____ Is a Very Short Range Wireless Connectivity Technology Designed

question 28

Short Answer

_____ is a very short range wireless connectivity technology designed for cell phones and credit cards.

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Definitions:

Average Social Cost

The total cost of producing a good or service, including both private costs and any external costs, averaged over the units produced.

Competitive Level

The state or degree of competition within a market where firms strive to gain a substantial share by offering the best possible products or services.

Output

The total amount of goods or services produced by an individual, firm, or economy within a certain period.

Negative Externality

A cost imposed on a third party who is not involved in the production or consumption of a good or service.