Examlex
___________ is an umbrella term that applies to location-aware technologies that allow devices to communicate securely with each other over short distances.
Economic Profits
The discrepancy between a corporation's total earnings and all of its costs, covering both overt and hidden expenses.
Competitive Market
A market structure characterized by a large number of sellers and buyers, where no single entity can dictate prices or market conditions.
Market Price
The current price at which a good or service can be bought or sold in a given market.
Economic Profits
Profits calculated by subtracting both explicit and implicit costs from total revenues, representing the additional income earned over and above the opportunity costs.
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