Computer software is an example of a good that is
a. both nonexcludable and nonrivalrous.
b. nonexcludable, but not nonrivalrous.
c. nonrivalrous, but not nonexcludable.
d. a pure private good.
c. nonrivalrous, but not nonexcludable.
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Slick Shades has a constant marginal cost of production equal to $80 and the distributors have a constant marginal cost of distribution equal to $30. If Slick Shades is producing the profit-maximizing number of sunglasses (in hundreds) and charging the profit-maximizing wholesale price, what is the retail price?
The figure above shows the wholesale demand and marginal revenue curves for Slick Shades Sunglasses, a sunglasses firm with market power. Slick Shades Sunglasses has a constant marginal cost of production and it sells to perfectly competitive independent retail distributors that have a constant marginal cost of distribution.
A) $180
B) $170
C) $160
D) $200
The cost of internal equity (retained earnings) is ____ the cost of external equity (new common stock)
a. greater than b. equal to c. less than
A technology spillover occurs when one firm's research and production increase another firm's access to technological advances
a. True b. False Indicate whether the statement is true or false
Perfectly competitive markets are not the best at producing the goods that are desired by consumers
a. True b. False Indicate whether the statement is true or false