The manufacturers of information products typically
A) have low fixed costs.
B) have high marginal costs.
C) have high fixed costs.
D) have zero fixed costs.
Ans: C) have high fixed costs.
Economics
You might also like to view...
If, in a perfectly competitive industry, the market price facing a firm is above its average total cost at the output where marginal revenue equals marginal cost, then
A) new firms are attracted to the industry. B) existing firms will exit the industry. C) market supply will remain constant. D) firms are breaking even.
Economics
NAFTA is an example of a free trade area consisting of the United States, Canada, Mexico, and the European Community
Indicate whether the statement is true or false
Economics