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CAD/CAM Systems Use Powerful Microcomputers Running Special Programs That Integrate

question 57

True/False

CAD/CAM systems use powerful microcomputers running special programs that integrate the design and manufacturing activities.


Definitions:

External Benefits

Positive effects experienced by third parties or the society at large due to an economic transaction they were not directly involved in.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product.

Subsidizing Consumers

Directing government funds to reduce the price paid by consumers for goods or services, aiming to encourage consumption or support specific sectors.

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