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The Advantage of A(n)_____ Technology Is That It Produces Brighter,more

question 80

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The advantage of a(n) _____ technology is that it produces brighter,more efficient,and thinner displays than traditional LCDs.


Definitions:

Patent

A legal document granted by the government, giving an inventor exclusive rights to make, use, and sell an invention for a certain number of years.

Demand Function

A mathematical function that describes the quantity of a good that consumers are willing and able to purchase at various prices.

Subsidy

A financial contribution granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a good or service and where entry by new competitors is obstructed.

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