Multiple Choice
If marginal costs are virtually zero after initial units are produced
A) inventors need to sell lots of units to make money.
B) inventors need to be paid upfront.
C) inventors need to sell their patents.
D) none of these choices.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Government picking winners<br>A)is the market model.<br>B)is the
Q8: Increasing returns means that<br>A)each additional worker produces
Q9: Knowledge workers are becoming more common relative
Q10: Intellectual property rights are difficult to protect.
Q11: It is difficult to create barriers to
Q13: If marginal cost is zero a firm
Q14: Marginal costs rise if marginal product falls.
Q15: Information<br>A)is difficult to own.<br>B)is never a separate
Q16: Network effects are seen in manufacturing sectors.
Q17: Managers must monitor knowledge workers closely.