Anti-Lock Brake Systems Are a Well-Established Feature for Automobiles but Are

question 70

Multiple Choice

Anti-lock brake systems are a well-established feature for automobiles but are not yet used uniformly by every automobile company. This technology should be grouped under:

• A) base technology.
• B) key technology.
• C) emerging technology.
• D) market technology.
• E) active technology.

---

Definitions:

Downward Sloping

Illustrates a decrease or decline in value or quantity in response to an increase in another variable, often related to price and demand in economic contexts.

Demand Curve

A graph showing the relationship between the quantity of a good or service that consumers are willing to buy and its price.

Monopolistically Competitive Market

A market structure characterized by many firms selling similar but not identical products, with each having some control over its own prices.

Economic Profit

The profit a company makes after subtracting both its explicit and implicit costs.