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Which type of firm engages in nonprice competition?
Entrepreneur
An individual who starts and runs a new business, taking on financial risks in the hope of profit.
Henry Ford
An American industrialist and the founder of Ford Motor Company, known for revolutionizing the automotive industry through the introduction of mass production techniques.
Tim Berners-Lee
The inventor of the World Wide Web and the director of the World Wide Web Consortium (W3C).
Production Possibilities Frontier
A graphical representation that shows the various combinations of output that an economy can produce given the available resources and technology.
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