Future Electronics Inc

question 29

Multiple Choice

Future Electronics Inc.'s body scanning machine has been adopted by majority of the healthcare market.As a result,the company demands a high price from its customers,which mainly include hospitals.It is not investing much on innovation and its product variety is also very low.This cost borne by the users in this case is referred to as:

• A) marginal cost.
• B) social cost.
• C) monopoly cost.
• D) deferred cost.

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Definitions:

Ice Skate

A type of footwear equipped with a metal blade used for gliding and performing maneuvers on ice.

Explicit Memory

A type of long-term memory involving conscious recollection of specific facts and events.

Semantic Memory

A type of long-term memory involving the recollection of facts, concepts, and knowledge about the world.

Classically Conditioned

Classically conditioned refers to a learning process in classical conditioning where a neutral stimulus becomes associated with a significant response through repeated pairings with a stimulus that inherently causes that response.