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Supermarket managers who use scanners at the checkout counters, that are installed with computer softwares to track inventory levels of their products are using a(n) :
Perfectly Competitive
A market structure characterized by a large number of small firms, a homogenous product, perfect information, and no barriers to entry or exit.
Marginal Cost
A rise in the comprehensive cost when producing an additional unit of a product or service.
Fixed Cost
A charge that stays the same, no matter how much is produced or sold in terms of goods or services.
Variable Costs
Expenses that vary directly with the level of production or volume of output.
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