Examlex
Which one of the following entails the use of computers to monitor prices and also to submit trade orders in response to arbitrage opportunities?
Inelastic Demand
A situation where the demand for a good or service is not significantly changed by the changes in its price.
Maximize Profits
The objective of increasing a company's earnings to the highest possible level.
Product Differentiation
Product differentiation is the process of distinguishing a product or service from others, to make it more attractive to a particular target market.
Demand Curves
Graphical representations showing the relationship between the price of a good and the quantity demanded at those prices, usually downward sloping.
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