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A Geocoin Does Not Have a GPS Receiver in It

question 18

Essay

A geocoin does not have a GPS receiver in it.How are geocoins (or similar items)considered "trackable" by GPS?


Definitions:

Quantity Supplied

The amount of a good or service that producers are willing to sell at a specific price.

Quantity Demanded

Represents the total amount of a good or service that consumers are willing and able to purchase at a given price point, within a specific period.

Market Equilibrium

A situation where the quantity of goods supplied equals the quantity of goods demanded, leading to price stability.

Price Cheeseburger

The cost that a consumer pays to purchase a cheeseburger from a seller.

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