Nonrival Private Goods Are Likely to Have ________ Fixed Costs

question 163

Multiple Choice

Nonrival private goods are likely to have ________ fixed costs and ________ marginal costs.

• A) small; large
• B) small; small
• C) large; small
• D) large; large

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Definitions:

Departments

Distinct units within an organization, each focused on a specific area of function, like marketing or finance.

Work Units

Groups or teams within an organization designated to perform specific tasks or functions.

Organisational Strength

The unique capabilities or advantages that give an organization a competitive edge or help it achieve its objectives.