All but Which of the Following Products Failed to Gain

question 139

Multiple Choice

All but which of the following products failed to gain a competitive edge?

• A) Ford's Edsel
• B) Du Pont's Corfam (synthetic leather)
• C) Nutrasweet's Simplesse (edible fat substitute)
• D) Oakley Blades (sunglasses and goggles)

---

Definitions:

Negative Economic Profits

A situation where a firm's total revenues are less than its total costs, including both explicit and implicit costs, indicating a loss.

Output Level

The quantity of goods or services produced by a company, industry, or economic system at a given time.

Average Revenue

The amount of income generated per unit of sale or the total revenue divided by the quantity of products or services sold.

Marginal Revenue

The income boost obtained through the sale of one extra unit of a product or service.