Which of the Following Items in Your Pocket Uses NFC

question 88

Multiple Choice

Which of the following items in your pocket uses NFC technology?

• A)postage stamp
• B)wallet
• C)credit card
• D)coin purse

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Definitions:

Maximum Profit

The highest possible financial gain that a company can achieve in a given period under existing conditions.

Natural Monopoly

A market condition in which a single supplier is more efficient in producing the product than any other potential producers due to high fixed or startup costs.

Electricity

A form of energy resulting from the existence of charged particles, used as a power source.

Profit-Maximizing Quantity

The production level where a firm reaches its maximum profit.