Examlex
Various methods of modifying a bit stream to reduce or eliminate a bias have been developed.These are referred to as ___________ algorithms.
Consumer Surplus
An economic measure of consumer benefit, calculated by analyzing the difference between what consumers are prepared to pay for a good or service relative to the market price.
Deadweight Loss
An economic inefficiency that occurs when a market is not in competitive equilibrium, leading to a loss of economic value.
Price Discriminate
A pricing strategy where the same product or service is sold at different prices to different customers, based on their willingness to pay.
Competitive Market
A market structure characterized by many buyers and sellers, free entry and exit, and products that are close substitutes, leading to price competition.
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