Smart Cards Are Better Protected from Misuse Than Conventional Credit,charge,and

question 52

Short Answer

Smart cards are better protected from misuse than conventional credit,charge,and debit cards because the smart-card information is _____.

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Definitions:

Oligopoly

An economic scenario where a handful of companies dominate the market, resulting in minimal competitive activity.

Herfindahl Index

A metric used to assess the level of concentration within a market, achieved by taking the square of each firm's market share and summing these squares.

Bar Soap

A solid piece of cleansing substance typically made from water, alkali, and fats or oils, used for washing and personal hygiene.

Gasoline Pumps

Machines at gas stations that dispense gasoline into the fuel tanks of vehicles.