Which of the following statements is generally TRUE about information products?
A) high fixed costs and low marginal costs
B) high fixed costs and high marginal costs
C) low fixed costs and low marginal costs
D) low fixed costs and high marginal costs
Answer: A
Economics
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In 2008, a former Intel engineer has been charged with stealing trade secrets worth $1 billion. Intel owns 90 percent of the worldwide market for microprocessors, AMD has the rest. The microprocessor market is most like an example of
A) monopoly. B) oligopoly. C) perfect competition. D) monopolistic competition.
Economics
Is a typical person likely to gather more information when buying a new computer or when voting for a member of the U.S. Senate? Why?
What will be an ideal response?
Economics