Firms that sell information products experience relatively high fixed costs but, once they have produced the first unit, can
A) sell additional units at a loss, or above cost.
B) provide expensive information products to consumers.
C) sell additional units at a relatively low cost per unit.
D) experience short-run diseconomies of scale.
C
Economics
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What kind of system is the United States economy based on?
Fill in the blank(s) with the appropriate word(s).
Economics
The Shipbreakers of Alang arouse the ire of Greenpeace because of
A) India's non-repentant nuclear stance. B) India's import-competing industrialization policies. C) the difficulty of avoiding ship accidents between Greenpeace's sailboat and the reconstructed Container ships of Alang. D) the large amount of pollution associated with the operations at Alang. E) their competition with capital-intensive industries.
Economics