Examlex
_____________ apps generate graphic images that are superimposed on pictures of real things.For instance,a mobile phone user might point her phone camera at an office building and activate an app that generates the logos of all foodservice outlets,e.g. ,Starbucks,Subway,McDonalds inside the building.
Price Makers
Firms or entities that have the power to influence the price of a good or service in the market, typically due to a lack of competition.
Differentiated Products
Products that are similar but distinguished from each other by variations in quality, features, branding, or some other aspect valued by consumers.
Short Run
A period in which at least one input (e.g., capital) is fixed and cannot be changed.
Long Run
A period of time in economics during which all factors of production and costs are variable, allowing for full adjustment to change.
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