An Advantage of the Use of a Wireless Scanner in Conjunction

question 66

Multiple Choice

An advantage of the use of a wireless scanner in conjunction with a radio frequency identification tag (RFID) over a Universal Product Code (UPC) is its _____.

• A)ability to scan a package without lifting it
• B)tie-in to speech recognition
• C)lower hardware costs
• D)lower software costs

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Definitions:

Monopolist

A single seller in a market with no close substitutes for the product, giving them considerable control over the price.

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum price that each consumer is willing to pay, eliminating consumer surplus and maximizing profits.

Monopolist

An individual or entity that is the sole provider of a particular good or service in the market, possessing significant control over pricing and supply.

Profit

The surplus amount after all expenses are deducted from the total income generated by a business or investment.