When a Software Product Is Considered ________,It Becomes Difficult to Hold

question 24

Multiple Choice

When a software product is considered ________,it becomes difficult to hold software producers liable for flaws in their product.

• A)to be part of a machine
• B)similar to books
• C)a service
• D)to be an artistic expression
• E)a tangible product rather than a service

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Definitions:

Efficient Scale

The level of production at which average total costs are minimized, indicating the most cost-effective scale of operation.

Marginal Cost

The expenditure required to produce one more unit of a particular product or service.

Monopolistically Competitive

A market structure characterized by many firms, differentiated products, and free entry and exit, allowing firms some control over price while still competing on quality, branding, and price.

Externality

A cost or benefit that affects a third party who did not choose to incur that cost or benefit.