Costs Associated with Start- Up and Development or System Startup

question 13

Multiple Choice

Costs associated with start- up and development or system startup are referred to as:

• A)set- up costs.
• B)development costs.
• C)recurring costs.
• D)one- time costs.

Understand the economic inefficiencies associated with market power.

Analyze the peculiarities of public goods and their impact on market efficiency.

Identify the consequences of negative externalities on market efficiency.

Understand the ethical duties and responsibilities in the legal profession.

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Definitions:

Current

Pertaining to the present time or most recent.

Lamp Shades

Covers used to diffuse the light from a lamp, often decorative and used to control the lighting ambiance of a room.

Exchange

A process by which two parties come to a mutual agreement to trade goods, services, or information.

Store

A retail establishment where goods and services are sold to consumers.